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) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 76,782 shares, a growth of 75.7% from the April 15th total of 43,692 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average trading volume of 62,721 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after buying an additional 3,835 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter worth $39,000. Finally, Nova Wealth Management Inc. increased its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after acquiring an additional 222 shares during the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of NASDAQ:USVM traded up $0.63 during trading on Monday, reaching $101.49. The stock had a trading volume of 6,481 shares, compared to its average volume of 76,345. The business has a fifty day moving average price of $98.26 and a 200-day moving average price of $95.52. The stock has a market cap of $1.54 billion, a PE ratio of 15.38 and a beta of 1.01. VictoryShares US Small Mid Cap Value Momentum ETF has a 1-year low of $78.64 and a 1-year high of $104.63.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were given a dividend of $0.0358 per share. The ex-dividend date was Friday, May 8th. This represents a c) dividend on an annualized basis and a yield of 0.4%.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.