VictoryShares International Value Momentum ETF (NASDAQ:UIVM) Sees Significant Drop in Short Interest

VictoryShares International Value Momentum ETF (NASDAQ:UIVM) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 11,254 shares, a drop of 24.9% from the December 15th total of 14,988 shares. Based on an average trading volume of 3,041 shares, the short-interest ratio is presently 3.7 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 3,041 shares, the short-interest ratio is presently 3.7 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of VictoryShares International Value Momentum ETF by 1,518.8% during the 2nd quarter. Bank of America Corp DE now owns 518 shares of the company’s stock valued at $30,000 after purchasing an additional 486 shares during the last quarter. World Investment Advisors purchased a new stake in VictoryShares International Value Momentum ETF in the second quarter worth approximately $569,000. Northwestern Mutual Wealth Management Co. grew its position in VictoryShares International Value Momentum ETF by 66.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,807 shares of the company’s stock valued at $572,000 after acquiring an additional 3,927 shares during the last quarter. Empirical Asset Management LLC purchased a new position in shares of VictoryShares International Value Momentum ETF during the third quarter worth approximately $893,000. Finally, Citadel Advisors LLC purchased a new position in shares of VictoryShares International Value Momentum ETF during the third quarter worth approximately $1,057,000.

VictoryShares International Value Momentum ETF Trading Up 0.0%

Shares of UIVM traded up $0.03 during trading hours on Friday, reaching $66.72. 1,885 shares of the company’s stock traded hands, compared to its average volume of 3,753. VictoryShares International Value Momentum ETF has a 12 month low of $46.35 and a 12 month high of $67.01. The stock has a market cap of $303.55 million, a PE ratio of 11.59 and a beta of 0.73. The firm’s 50 day simple moving average is $63.68 and its 200-day simple moving average is $61.49.

VictoryShares International Value Momentum ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, December 12th. Stockholders of record on Thursday, December 11th were issued a $0.2635 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, December 11th. This is a positive change from VictoryShares International Value Momentum ETF’s previous monthly dividend of $0.03.

About VictoryShares International Value Momentum ETF

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.