VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Down 14.4% in February

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 17,520 shares, a drop of 14.4% from the January 29th total of 20,458 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 58,099 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 58,099 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in USVM. Strive Financial Group LLC acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at approximately $39,000. Bessemer Group Inc. bought a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter valued at $94,000. JPMorgan Chase & Co. increased its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after buying an additional 3,835 shares during the period. Finally, Nova Wealth Management Inc. increased its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% during the third quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock worth $379,000 after buying an additional 1,920 shares during the period.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.9%

Shares of VictoryShares US Small Mid Cap Value Momentum ETF stock opened at $98.63 on Thursday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 15.38 and a beta of 1.04. VictoryShares US Small Mid Cap Value Momentum ETF has a twelve month low of $68.07 and a twelve month high of $101.26. The company’s fifty day moving average is $96.87 and its 200 day moving average is $92.45.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 9th were paid a $0.1137 dividend. The ex-dividend date of this dividend was Monday, February 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 1.4%.

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.