VictoryShares Emerging Markets Value Momentum ETF (NASDAQ:UEVM) Sees Significant Increase in Short Interest

VictoryShares Emerging Markets Value Momentum ETF (NASDAQ:UEVM) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 2,846 shares, a growth of 32.7% from the February 26th total of 2,144 shares. Based on an average trading volume of 5,677 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC acquired a new stake in VictoryShares Emerging Markets Value Momentum ETF during the 3rd quarter worth $720,000. Jane Street Group LLC acquired a new stake in shares of VictoryShares Emerging Markets Value Momentum ETF in the first quarter valued at about $382,000. Raymond James Financial Inc. lifted its stake in shares of VictoryShares Emerging Markets Value Momentum ETF by 55.1% in the second quarter. Raymond James Financial Inc. now owns 16,589 shares of the company’s stock worth $870,000 after buying an additional 5,891 shares in the last quarter. Northeast Planning Associates INC. NH lifted its stake in shares of VictoryShares Emerging Markets Value Momentum ETF by 3.1% in the fourth quarter. Northeast Planning Associates INC. NH now owns 50,572 shares of the company’s stock worth $2,804,000 after buying an additional 1,518 shares in the last quarter. Finally, OLD Mission Capital LLC boosted its position in VictoryShares Emerging Markets Value Momentum ETF by 10.8% during the fourth quarter. OLD Mission Capital LLC now owns 13,589 shares of the company’s stock worth $753,000 after acquiring an additional 1,323 shares during the last quarter.

VictoryShares Emerging Markets Value Momentum ETF Price Performance

NASDAQ UEVM opened at $56.09 on Monday. The stock’s 50 day simple moving average is $58.96 and its 200-day simple moving average is $57.02. The company has a market cap of $229.97 million, a PE ratio of 11.04 and a beta of 0.59. VictoryShares Emerging Markets Value Momentum ETF has a 1-year low of $41.47 and a 1-year high of $61.76.

VictoryShares Emerging Markets Value Momentum ETF Company Profile

The VictoryShares Emerging Markets Value Momentum ETF (UEVM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, volatility-weighted index of stocks from emerging economies. UEVM was launched on Oct 24, 2017 and is managed by VictoryShares.