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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVMGet Free Report) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 29,994 shares, a drop of 35.4% from the May 31st total of 46,425 shares. Based on an average daily volume of 42,532 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the shares of the stock are sold short.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Down 0.7%

NASDAQ USVM opened at $108.53 on Friday. 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 stock has a market cap of $1.73 billion, a PE ratio of 15.38 and a beta of 0.98. The stock’s 50 day moving average is $104.85 and its 200 day moving average is $99.28.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were issued a $0.1824 dividend. This represents a c) annualized dividend and a dividend yield of 2.0%. This is a boost 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.

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

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