VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Down 38.6% in August

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 38,057 shares, a decrease of 38.6% from the July 30th total of 62,005 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 39,949 shares, the days-to-cover ratio is presently 1.0 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of NASDAQ USVM traded down $0.19 during mid-day trading on Tuesday, reaching $108.02. The company had a trading volume of 4,023 shares, compared to its average volume of 61,307. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 15.38 and a beta of 0.99. The business’s 50-day simple moving average is $109.77 and its 200 day simple moving average is $103.65. VictoryShares US Small Mid Cap Value Momentum ETF has a one year low of $86.52 and a one year high of $112.66.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Investors of record on Friday, August 7th were paid a $0.0854 dividend. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 7th.

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in USVM. JPMorgan Chase & Co. grew its position in 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 acquiring an additional 3,835 shares during the last quarter. Capital Square LLC bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter valued at approximately $266,000. Finally, Strive Financial Group LLC acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at approximately $39,000.

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.