VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Shares Shorted: Short Interest Down 50.4% in September

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the recipient of a significant decline in short interest in September. As of September 15th, there was short interest totaling 17,025 shares, a decline of 50.4% from the August 31st total of 34,313 shares. Based on an average daily volume of 1,426 shares, the days-to-cover ratio is currently 11.9 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Citadel Advisors LLC boosted its holdings in VictoryShares US Value Momentum ETF by 5.0% in the 2nd quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock valued at $1,791,000 after purchasing an additional 806 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of VictoryShares US Value Momentum ETF by 5.2% during the 1st quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock worth $2,469,000 after buying an additional 1,267 shares during the last quarter. World Investment Advisors purchased a new stake in shares of VictoryShares US Value Momentum ETF during the 1st quarter valued at approximately $616,000. Finally, Manchester Financial Inc. raised its position in shares of VictoryShares US Value Momentum ETF by 2.5% during the 1st quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock valued at $1,813,000 after buying an additional 469 shares during the period.

VictoryShares US Value Momentum ETF Stock Performance

Shares of NASDAQ:ULVM traded down $0.24 during midday trading on Wednesday, hitting $102.90. The company’s stock had a trading volume of 1,486 shares, compared to its average volume of 2,670. The company has a market cap of $257.25 million, a P/E ratio of 17.39 and a beta of 0.86. VictoryShares US Value Momentum ETF has a 12-month low of $88.01 and a 12-month high of $111.41. The business’s 50 day simple moving average is $108.07 and its 200 day simple moving average is $104.04.

VictoryShares US Value Momentum ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were issued a $0.2602 dividend. This represents a $3.12 annualized dividend and a yield of 3.0%. The ex-dividend date was Wednesday, September 9th. This is an increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.0846.

VictoryShares US Value Momentum ETF Company Profile

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.