VictoryShares International Value Momentum ETF (NASDAQ:UIVM) Sees Significant Decline in Short Interest

VictoryShares International Value Momentum ETF (NASDAQ:UIVM) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 5,616 shares, a decrease of 37.5% from the September 15th total of 8,980 shares. Based on an average daily volume of 5,395 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On VictoryShares International Value Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in UIVM. Financial Enhancement Group LLC bought a new stake in VictoryShares International Value Momentum ETF during the third quarter worth $1,566,000. IFP Advisors Inc grew its position in shares of VictoryShares International Value Momentum ETF by 51.4% in the 3rd quarter. IFP Advisors Inc now owns 15,097 shares of the company’s stock valued at $1,123,000 after acquiring an additional 5,124 shares during the period. World Investment Advisors grew its position in shares of VictoryShares International Value Momentum ETF by 10.5% in the 1st quarter. World Investment Advisors now owns 3,910 shares of the company’s stock valued at $267,000 after acquiring an additional 370 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of VictoryShares International Value Momentum ETF by 4.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 5,065 shares of the company’s stock worth $364,000 after purchasing an additional 206 shares during the last quarter.

VictoryShares International Value Momentum ETF Stock Up 0.1%

UIVM stock opened at $73.16 on Friday. The company has a market cap of $329.22 million, a price-to-earnings ratio of 11.59 and a beta of 0.69. VictoryShares International Value Momentum ETF has a twelve month low of $60.05 and a twelve month high of $79.27. The business has a 50 day moving average price of $76.09 and a two-hundred day moving average price of $73.78.

VictoryShares International Value Momentum ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were issued a $0.2794 dividend. This represents a $3.35 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Thursday, October 8th. This is a drop from VictoryShares International Value Momentum ETF’s previous monthly dividend of $1.2079.

VictoryShares International Value Momentum ETF Company Profile

The VictoryShares International Value Momentum ETF (UIVM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, volatility-weighted index of stocks from developed economies outside of the United States. UIVM was launched on Oct 24, 2017 and is managed by VictoryShares.