VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Up 38.8% in March

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 16,100 shares, a growth of 38.8% from the March 15th total of 11,600 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 162,500 shares, the days-to-cover ratio is presently 0.1 days.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 0.7 %

USVM stock traded up $0.49 during midday trading on Friday, reaching $73.68. 118,388 shares of the company’s stock traded hands, compared to its average volume of 51,635. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $68.07 and a 52-week high of $93.41. The stock has a market cap of $773.64 million, a P/E ratio of 13.81 and a beta of 1.11. The stock’s 50-day moving average is $79.01 and its 200 day moving average is $84.12.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 10th were issued a $0.1674 dividend. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.02. This represents a $2.01 dividend on an annualized basis and a yield of 2.73%. The ex-dividend date of this dividend was Thursday, April 10th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF stock. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,570 shares of the company’s stock, valued at approximately $132,000.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.