Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Drops By 79.9%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 10,000 shares, a drop of 79.9% from the April 30th total of 49,700 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 70,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF stock. Comprehensive Financial Planning Inc. PA acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,570 shares of the company’s stock, valued at approximately $132,000.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Down 1.0%

Shares of USVM traded down $0.85 during midday trading on Wednesday, reaching $80.92. 51,291 shares of the company were exchanged, compared to its average volume of 55,506. The stock has a 50-day moving average price of $77.23 and a 200-day moving average price of $82.77. The company has a market cap of $882.03 million, a price-to-earnings ratio of 14.86 and a beta of 1.11. VictoryShares US Small Mid Cap Value Momentum ETF has a 1-year low of $68.07 and a 1-year high of $93.41.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 9th. Shareholders of record on Thursday, May 8th were paid a dividend of $0.0462 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Thursday, May 8th.

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.