Short Interest in VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Increases By 82.6%

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 34,313 shares, a growth of 82.6% from the August 15th total of 18,791 shares. Approximately 1.4% of the company’s shares are short sold. Based on an average daily volume of 4,026 shares, the short-interest ratio is currently 8.5 days.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

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

VictoryShares US Value Momentum ETF Trading Down 0.2%

VictoryShares US Value Momentum ETF stock traded down $0.24 during trading on Wednesday, hitting $106.34. The company had a trading volume of 1,125 shares, compared to its average volume of 2,755. VictoryShares US Value Momentum ETF has a 1-year low of $88.01 and a 1-year high of $111.41. The company’s 50 day simple moving average is $108.64 and its 200-day simple moving average is $103.59. The stock has a market cap of $213.75 million, a price-to-earnings ratio of 17.39 and a beta of 0.86.

VictoryShares US Value Momentum ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, September 9th were given a dividend of $0.2602 per share. This is an increase from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.08. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Wednesday, September 9th.

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.