VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Stock Short Interest Falls 50.4%

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 17,025 shares, a decline of 50.4% from the August 31st total of 34,313 shares. Based on an average trading volume of 1,426 shares, the days-to-cover ratio is presently 11.9 days. Currently, 0.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. World Investment Advisors bought a new stake in shares of VictoryShares US Value Momentum ETF during the first quarter valued at about $616,000. Citadel Advisors LLC lifted its holdings in shares of VictoryShares US Value Momentum ETF by 5.0% in the second quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock worth $1,791,000 after buying an additional 806 shares in the last quarter. Manchester Financial Inc. lifted its holdings in shares of VictoryShares US Value Momentum ETF by 4.1% in the fourth quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock worth $1,692,000 after buying an additional 737 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of VictoryShares US Value Momentum ETF by 5.2% in the first quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock valued at $2,469,000 after acquiring an additional 1,267 shares during the period.

VictoryShares US Value Momentum ETF Price Performance

Shares of VictoryShares US Value Momentum ETF stock traded down $0.16 during trading hours on Tuesday, reaching $103.25. The company had a trading volume of 500 shares, compared to its average volume of 2,667. VictoryShares US Value Momentum ETF has a one year low of $88.01 and a one year high of $111.41. The business has a fifty day simple moving average of $108.16 and a 200 day simple moving average of $104.00. The firm has a market cap of $258.13 million, a PE ratio of 17.39 and a beta of 0.86.

VictoryShares US Value Momentum ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were issued a dividend of $0.2602 per share. This is a positive change from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.0846. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $3.12 dividend on an annualized basis and a yield of 3.0%.

VictoryShares US Value Momentum ETF Company Profile

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.