Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Declines By 35.4%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 29,994 shares, a decrease of 35.4% from the May 31st total of 46,425 shares. Based on an average daily volume of 42,532 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Large investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC bought 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. grew its position in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after acquiring an additional 3,835 shares during the last quarter. Finally, Nova Wealth Management Inc. grew its position in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during 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 Price Performance

VictoryShares US Small Mid Cap Value Momentum ETF stock opened at $109.35 on Thursday. The stock has a fifty day moving average price of $104.72 and a two-hundred day moving average price of $99.17. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $81.48 and a 52-week high of $110.35. The firm has a market capitalization of $1.74 billion, a P/E ratio of 15.38 and a beta of 0.98.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Tuesday, June 9th were given a $0.1824 dividend. This represents a c) dividend on an annualized basis and a yield of 2.0%. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. The ex-dividend date was Tuesday, June 9th.

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.