Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Declines By 35.4%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 29,994 shares, a drop of 35.4% from the May 31st total of 46,425 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 42,532 shares, the days-to-cover ratio is presently 0.7 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Down 0.4%

Shares of USVM stock opened at $109.35 on Thursday. VictoryShares US Small Mid Cap Value Momentum ETF has a 12-month low of $81.48 and a 12-month high of $110.35. The firm has a fifty day moving average of $104.72 and a 200-day moving average of $99.17. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.1824 per share. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, June 9th.

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

Several large investors have recently modified their holdings of USVM. JPMorgan Chase & Co. raised 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 purchasing an additional 3,835 shares during the period. Strive Financial Group LLC bought a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at about $39,000. Finally, Nova Wealth Management Inc. lifted its holdings 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 valued at $403,000 after purchasing an additional 222 shares in the last quarter.

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.