VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Sees Significant Drop in Short Interest

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 16,773 shares, a decrease of 36.1% from the November 30th total of 26,248 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 2,926 shares, the days-to-cover ratio is presently 5.7 days. Based on an average trading volume of 2,926 shares, the days-to-cover ratio is presently 5.7 days. Approximately 0.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new position in shares of VictoryShares US Value Momentum ETF in the 3rd quarter worth about $35,000. Manchester Financial Inc. boosted its stake in VictoryShares US Value Momentum ETF by 31.1% in the third quarter. Manchester Financial Inc. now owns 17,783 shares of the company’s stock worth $1,610,000 after buying an additional 4,217 shares in the last quarter. Victory Capital Management Inc. boosted its stake in VictoryShares US Value Momentum ETF by 0.6% in the third quarter. Victory Capital Management Inc. now owns 1,609,121 shares of the company’s stock worth $145,715,000 after buying an additional 10,000 shares in the last quarter. Cetera Investment Advisers bought a new position in VictoryShares US Value Momentum ETF during the second quarter valued at approximately $1,783,000. Finally, Bank of America Corp DE raised its stake in shares of VictoryShares US Value Momentum ETF by 2,513.3% during the third quarter. Bank of America Corp DE now owns 22,997 shares of the company’s stock worth $2,083,000 after acquiring an additional 22,117 shares in the last quarter.

VictoryShares US Value Momentum ETF Price Performance

ULVM stock opened at $92.60 on Monday. The firm has a 50 day simple moving average of $90.78 and a two-hundred day simple moving average of $88.32. The stock has a market cap of $189.83 million, a PE ratio of 17.39 and a beta of 0.92. VictoryShares US Value Momentum ETF has a one year low of $69.72 and a one year high of $92.75.

VictoryShares US Value Momentum ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, December 12th. Investors of record on Thursday, December 11th were given a $0.3221 dividend. This represents a c) annualized dividend and a yield of 4.2%. This is a boost from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.07. The ex-dividend date was Thursday, December 11th.

About VictoryShares US Value Momentum ETF

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.