VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sees Large Drop in Short Interest

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 28,493 shares, a drop of 44.7% from the September 30th total of 51,533 shares. Based on an average daily trading volume, of 82,429 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

NASDAQ:USVM opened at $106.37 on Friday. The firm has a market capitalization of $1.84 billion, a price-to-earnings ratio of 15.38 and a beta of 1.00. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $86.52 and a 52-week high of $112.66. The stock has a fifty day moving average of $105.98 and a 200 day moving average of $103.41.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 9th. Shareholders of record on Thursday, October 8th were issued a $0.2459 dividend. This represents a $2.95 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Thursday, October 8th. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.1882.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

A hedge fund recently bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF stock. Capital Square LLC purchased a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,447 shares of the company’s stock, valued at approximately $266,000.

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.