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

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

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

USVM traded up $0.34 during trading on Monday, hitting $108.18. The stock had a trading volume of 4,891 shares, compared to its average volume of 70,643. 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 twelve month low of $81.22 and a twelve month high of $108.93. The stock has a 50 day simple moving average of $102.30 and a two-hundred day simple moving average of $97.69.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were paid a $0.1824 dividend. This represents a c) annualized dividend and a yield of 2.0%. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. The ex-dividend date was Tuesday, June 9th.

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

Several institutional investors have recently bought and sold shares of the company. Nova Wealth Management Inc. boosted its stake in 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 valued at $403,000 after acquiring an additional 222 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in 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 in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at approximately $39,000.

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.