VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Sees Large Growth in Short Interest

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 27,269 shares, a growth of 47.8% from the July 15th total of 18,447 shares. Approximately 1.1% of the shares of the company are sold short. Based on an average daily volume of 2,942 shares, the days-to-cover ratio is currently 9.3 days.

VictoryShares US Value Momentum ETF Stock Performance

ULVM opened at $110.91 on Tuesday. The company has a fifty day moving average of $107.51 and a two-hundred day moving average of $102.06. VictoryShares US Value Momentum ETF has a fifty-two week low of $86.54 and a fifty-two week high of $111.41. The stock has a market capitalization of $271.73 million, a price-to-earnings ratio of 17.39 and a beta of 0.87.

VictoryShares US Value Momentum ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were given a $0.0846 dividend. The ex-dividend date was Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%.

Hedge Funds Weigh In On VictoryShares US Value Momentum ETF

A number of large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in VictoryShares US Value Momentum ETF by 5.2% during the first quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock valued at $2,469,000 after purchasing an additional 1,267 shares in the last quarter. World Investment Advisors acquired a new position in shares of VictoryShares US Value Momentum ETF during the 1st quarter worth about $616,000. Manchester Financial Inc. raised its position in shares of VictoryShares US Value Momentum ETF by 2.5% during the 1st quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock worth $1,813,000 after purchasing an additional 469 shares during the last quarter. Cetera Investment Advisers lifted its stake in VictoryShares US Value Momentum ETF by 8.9% in the 4th quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock valued at $2,086,000 after buying an additional 1,860 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in VictoryShares US Value Momentum ETF by 15.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,857,405 shares of the company’s stock valued at $169,717,000 after buying an additional 248,284 shares in the last quarter.

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.