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

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

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

A number of institutional investors have recently added to or reduced their stakes in USVM. JPMorgan Chase & Co. boosted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after purchasing an additional 3,835 shares in the last quarter. Strive Financial Group LLC purchased a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at approximately $39,000. Finally, Nova Wealth Management Inc. boosted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after purchasing an additional 222 shares in the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

USVM traded up $1.06 during trading on Friday, reaching $107.84. The company’s stock had a trading volume of 35,606 shares, compared to its average volume of 71,233. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $81.22 and a 52-week high of $108.31. The company’s fifty day moving average price is $102.30 and its 200-day moving average price is $97.63. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 15.38 and a beta of 0.99.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

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

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.