Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Declines By 38.6%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 38,057 shares, a decline of 38.6% from the July 30th total of 62,005 shares. Based on an average daily volume of 39,949 shares, the short-interest ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are sold short.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

VictoryShares US Small Mid Cap Value Momentum ETF stock opened at $107.30 on Wednesday. The stock has a market capitalization of $1.73 billion, a PE ratio of 15.38 and a beta of 0.99. The business has a 50 day simple moving average of $109.76 and a 200-day simple moving average of $103.70. VictoryShares US Small Mid Cap Value Momentum ETF has a 12 month low of $86.52 and a 12 month high of $112.66.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were issued a $0.0854 dividend. This represents a c) dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Friday, August 7th.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

A number of institutional investors have recently modified their holdings of the business. Capital Square LLC purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the second quarter worth $266,000. Strive Financial Group LLC purchased a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter worth $39,000. Finally, JPMorgan Chase & Co. grew its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after purchasing an additional 3,835 shares during the period.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.