VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Update

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 61,589 shares, a growth of 105.3% from the June 15th total of 29,994 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 49,799 shares, the days-to-cover ratio is presently 1.2 days.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

NASDAQ USVM opened at $110.44 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a 1 year low of $81.48 and a 1 year high of $110.76. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98. The company has a fifty day moving average price of $106.05 and a 200-day moving average price of $100.41.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a dividend of $0.3027 per share. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17. The ex-dividend date was Thursday, July 9th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nova Wealth Management Inc. lifted its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after buying an additional 222 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after acquiring an additional 3,835 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter valued at approximately $39,000.

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.