Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Declines By 68.7%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 24,051 shares, a drop of 68.7% from the April 30th total of 76,782 shares. Based on an average trading volume of 44,949 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.2% of the shares of the company are sold short.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of NASDAQ:USVM opened at $104.17 on Monday. VictoryShares US Small Mid Cap Value Momentum ETF has a 1-year low of $79.87 and a 1-year high of $105.74. The firm has a market capitalization of $1.58 billion, a PE ratio of 15.38 and a beta of 1.01. The business’s 50 day moving average is $100.04 and its 200-day moving average is $96.52.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Stockholders of record on Friday, May 8th were issued a dividend of $0.0358 per share. This represents a c) annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend was Friday, May 8th.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Several institutional investors have recently modified their holdings of the company. Nova Wealth Management Inc. grew 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 worth $403,000 after purchasing an additional 222 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at about $39,000. Finally, JPMorgan Chase & Co. boosted its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd 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.

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.