Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Grows By 2,200.0%

Posted by James Quigley on Mar 28th, 2024

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM – Get Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 2,300 shares, a growth of 2,200.0% from the February 29th total of 100 shares. Based on an average daily trading volume, of 11,700 shares, the short-interest ratio is presently 0.2 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of USVM opened at $79.90 on Thursday. VictoryShares US Small Mid Cap Value Momentum ETF has a fifty-two week low of $60.66 and a fifty-two week high of $79.90. The company has a market capitalization of $231.70 million, a price-to-earnings ratio of 13.07 and a beta of 1.11. The firm has a 50-day simple moving average of $75.25 and a 200-day simple moving average of $70.08.

VictoryShares US Small Mid Cap Value Momentum ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Tuesday, February 13th. Stockholders of record on Monday, February 12th were paid a dividend of $0.037 per share. The ex-dividend date was Friday, February 9th. This represents a $0.44 annualized dividend and a dividend yield of 0.56%.

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

A hedge fund recently bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF stock. Stonebridge Capital Advisors LLC acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,639 shares of the company’s stock, valued at approximately $115,000.

About VictoryShares US Small Mid Cap Value Momentum ETF

(Get Free Report)

The VictoryShares US Small Mid Cap Value Momentum ETF (USVM) is an exchange-traded fund that mostly invests in extended market equity. The fund tracks an index of small- and mid-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. USVM was launched on Oct 24, 2017 and is managed by VictoryShares.