VictoryShares International Value Momentum ETF (NASDAQ:UIVM) Stock Short Interest Falls 37.5%

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

VictoryShares International Value Momentum ETF Stock Performance

NASDAQ:UIVM traded up $0.21 during trading hours on Friday, hitting $73.31. The stock had a trading volume of 1,528 shares, compared to its average volume of 4,663. The business’s 50 day moving average is $76.18 and its 200-day moving average is $73.78. The company has a market cap of $329.88 million, a price-to-earnings ratio of 11.59 and a beta of 0.69. VictoryShares International Value Momentum ETF has a one year low of $60.05 and a one year high of $79.27.

VictoryShares International Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were given a dividend of $0.2794 per share. This is a decrease from VictoryShares International Value Momentum ETF’s previous monthly dividend of $1.2079. 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.

Institutional Trading of VictoryShares International Value Momentum ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Financial Enhancement Group LLC bought a new position in shares of VictoryShares International Value Momentum ETF in the 3rd quarter valued at about $1,566,000. Envestnet Asset Management Inc. raised its holdings in VictoryShares International Value Momentum ETF by 4.2% during the second quarter. Envestnet Asset Management Inc. now owns 5,065 shares of the company’s stock worth $364,000 after acquiring an additional 206 shares in the last quarter. Finally, World Investment Advisors boosted its position in VictoryShares International Value Momentum ETF by 10.5% during the first quarter. World Investment Advisors now owns 3,910 shares of the company’s stock valued at $267,000 after purchasing an additional 370 shares during the last quarter.

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.