VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Up 93.0% in May

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 46,425 shares, a growth of 93.0% from the May 14th total of 24,051 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 39,012 shares, the days-to-cover ratio is presently 1.2 days.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

Shares of USVM opened at $107.59 on Tuesday. The company has a market capitalization of $1.64 billion, a PE ratio of 15.38 and a beta of 0.99. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $81.22 and a 52-week high of $108.93. The company has a 50-day simple moving average of $102.54 and a 200-day simple moving average of $97.80.

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VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

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

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Hedge funds have recently bought and sold shares of the company. Strive Financial Group LLC acquired a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at about $39,000. JPMorgan Chase & Co. increased its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after purchasing an additional 3,835 shares during the period. Finally, Nova Wealth Management Inc. grew 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.

About VictoryShares US Small Mid Cap Value Momentum ETF

(Get Free Report)

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.

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