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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 76,782 shares, an increase of 75.7% from the April 15th total of 43,692 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average daily volume of 62,721 shares, the days-to-cover ratio is currently 1.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of USVM. Strive Financial Group LLC acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at approximately $39,000. JPMorgan Chase & Co. increased its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after purchasing an additional 3,835 shares during the period. Finally, Nova Wealth Management Inc. increased its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the fourth 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 during the period.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

NASDAQ USVM traded up $0.63 during trading on Monday, reaching $101.49. The company’s stock had a trading volume of 6,481 shares, compared to its average volume of 76,345. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 15.38 and a beta of 1.01. VictoryShares US Small Mid Cap Value Momentum ETF has a twelve month low of $78.64 and a twelve month high of $104.63. The business’s fifty day moving average price is $98.26 and its 200-day moving average price is $95.52.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

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

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.