VictoryShares Free Cash Flow Growth ETF (NASDAQ:GFLW) Short Interest Down 64.0% in May
by Jessica Moore · The Cerbat GemVictoryShares Free Cash Flow Growth ETF (NASDAQ:GFLW – Get Free Report) saw a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 29,660 shares, a drop of 64.0% from the April 30th total of 82,436 shares. Based on an average daily trading volume, of 60,031 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the company are short sold.
VictoryShares Free Cash Flow Growth ETF Trading Up 1.6%
Shares of GFLW stock traded up $0.51 during trading hours on Friday, hitting $32.33. The company’s stock had a trading volume of 47,282 shares, compared to its average volume of 173,660. The stock has a market cap of $791.44 million, a PE ratio of 33.38 and a beta of 1.21. VictoryShares Free Cash Flow Growth ETF has a 12-month low of $24.71 and a 12-month high of $32.33. The company has a 50 day moving average of $29.01 and a 200 day moving average of $28.36.
Institutional Investors Weigh In On VictoryShares Free Cash Flow Growth ETF
Several hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new position in VictoryShares Free Cash Flow Growth ETF in the first quarter valued at approximately $32,000. JPMorgan Chase & Co. acquired a new position in shares of VictoryShares Free Cash Flow Growth ETF in the 3rd quarter valued at $34,000. Assetmark Inc. purchased a new stake in VictoryShares Free Cash Flow Growth ETF during the third quarter worth $52,000. IFP Advisors Inc purchased a new stake in VictoryShares Free Cash Flow Growth ETF during the fourth quarter worth $59,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in VictoryShares Free Cash Flow Growth ETF during the third quarter valued at $69,000.
VictoryShares Free Cash Flow Growth ETF Company Profile
The VictoryShares Free Cash Flow Growth ETF (GFLW) is an exchange-traded fund that is based on the Victory Free Cash Flow Growth index. The fund tracks an index composed of 100 US large-cap growth companies selected based on positive free cash flow trend, earnings, and ROI. Holdings are weighted in the portfolio based on a combination of free cash flow and momentum. GFLW was launched on Dec 3, 2024 and is issued by VictoryShares.