VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Down 35.4% in June

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 29,994 shares, a decrease of 35.4% from the May 31st total of 46,425 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 42,532 shares, the days-to-cover ratio is currently 0.7 days.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

NASDAQ USVM opened at $108.53 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a 1-year low of $81.48 and a 1-year high of $110.35. The firm has a market capitalization of $1.73 billion, a P/E ratio of 15.38 and a beta of 0.98. The business’s 50-day simple moving average is $104.98 and its 200-day simple moving average is $99.34.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were given a dividend of $0.1824 per share. This represents a c) dividend on an annualized basis and a yield of 2.0%. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. The ex-dividend date of this dividend was Tuesday, June 9th.

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

Several institutional investors have recently bought and sold shares of the business. Strive Financial Group LLC acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter worth $39,000. Nova Wealth Management Inc. lifted its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after acquiring an additional 222 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its position in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after purchasing an additional 3,835 shares during the period.

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.