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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 28,493 shares, a decline of 44.7% from the September 30th total of 51,533 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 82,429 shares, the days-to-cover ratio is currently 0.3 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

VictoryShares US Small Mid Cap Value Momentum ETF stock traded up $0.94 during trading on Monday, reaching $107.31. 39,743 shares of the company’s stock were exchanged, compared to its average volume of 60,153. The company’s 50-day moving average is $105.98 and its two-hundred day moving average is $103.41. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 15.38 and a beta of 1.00. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $86.52 and a 52-week high of $112.66.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were paid a dividend of $0.2459 per share. This represents a $2.95 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, October 8th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.1882.

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

A hedge fund recently raised its position in VictoryShares US Small Mid Cap Value Momentum ETF stock. Capital Square LLC grew its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) by 5.7% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,587 shares of the company’s stock after acquiring an additional 140 shares during the quarter. Capital Square LLC’s holdings in VictoryShares US Small Mid Cap Value Momentum ETF were worth $267,000 as of its most recent SEC filing.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.