VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sees Large Growth in Short Interest

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 61,589 shares, a growth of 105.3% from the June 15th total of 29,994 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 49,799 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

A number of institutional investors have recently modified their holdings of the company. Strive Financial Group LLC purchased a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter worth approximately $39,000. JPMorgan Chase & Co. lifted its position in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after acquiring an additional 3,835 shares during the last quarter. Finally, Nova Wealth Management Inc. lifted its position in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the fourth 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 during the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

USVM stock traded up $0.62 during trading on Wednesday, reaching $109.35. 4,682 shares of the company traded hands, compared to its average volume of 66,503. VictoryShares US Small Mid Cap Value Momentum ETF has a 12 month low of $81.48 and a 12 month high of $110.35. The business has a 50 day simple moving average of $105.80 and a 200 day simple moving average of $100.17. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a dividend of $0.3027 per share. The ex-dividend date of this dividend was Thursday, July 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17.

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.