VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Update

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant growth in short interest in April. As of April 30th, there was short interest totaling 76,782 shares, a growth of 75.7% from the April 15th total of 43,692 shares. Based on an average daily volume of 62,721 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the company’s stock are sold short.

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

A number of hedge funds have recently made changes to their positions in USVM. Strive Financial Group LLC purchased a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter worth about $39,000. Nova Wealth Management Inc. raised its holdings in 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 during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of 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 worth $357,000 after acquiring an additional 3,835 shares in the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of VictoryShares US Small Mid Cap Value Momentum ETF stock traded down $0.90 during mid-day trading on Tuesday, hitting $99.96. 4,721 shares of the stock were exchanged, compared to its average volume of 76,534. VictoryShares US Small Mid Cap Value Momentum ETF has a 12 month low of $78.64 and a 12 month high of $104.63. The company has a 50-day simple moving average of $98.35 and a 200 day simple moving average of $95.60. The company has a market capitalization of $1.52 billion, a P/E ratio of 15.38 and a beta of 1.01.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were given a $0.0358 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a 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.