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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of a large increase in short interest in December. As of December 31st, there was short interest totaling 26,295 shares, an increase of 92.1% from the December 15th total of 13,686 shares. Based on an average daily volume of 34,895 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are short sold. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 34,895 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

A number of large investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter valued at about $94,000. Nova Wealth Management Inc. raised its position in VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% in the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $379,000 after buying an additional 1,920 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position 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 buying an additional 3,835 shares during the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of USVM stock opened at $96.13 on Thursday. VictoryShares US Small Mid Cap Value Momentum ETF has a 52 week low of $68.07 and a 52 week high of $96.26. The company’s 50 day moving average price is $91.75 and its two-hundred day moving average price is $89.11. The company has a market capitalization of $1.26 billion, a P/E ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were given a $0.0623 dividend. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, January 8th.

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.