Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Decreases By 68.7%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a significant drop in short interest in May. As of May 15th, there was short interest totaling 24,051 shares, a drop of 68.7% from the April 30th total of 76,782 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 44,949 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in USVM. Strive Financial Group LLC purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter worth about $39,000. JPMorgan Chase & Co. grew its position in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after acquiring an additional 3,835 shares in the last quarter. Finally, Nova Wealth Management Inc. grew its position in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after acquiring an additional 222 shares in the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

Shares of VictoryShares US Small Mid Cap Value Momentum ETF stock traded down $0.95 during trading on Friday, reaching $104.17. 31,675 shares of the stock traded hands, compared to its average volume of 73,762. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.38 and a beta of 1.01. The business has a fifty day simple moving average of $100.04 and a two-hundred day simple moving average of $96.48. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $79.87 and a 52-week high of $105.74.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were given a dividend of $0.0358 per share. The ex-dividend date was Friday, May 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.