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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of a significant 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 company’s shares are sold short. Based on an average daily trading volume, of 39,949 shares, the short-interest ratio is presently 1.0 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of NASDAQ USVM opened at $108.92 on Monday. The firm has a market cap of $1.76 billion, a P/E ratio of 15.38 and a beta of 0.99. VictoryShares US Small Mid Cap Value Momentum ETF has a 1 year low of $86.52 and a 1 year high of $112.66. The firm’s 50 day moving average price is $109.75 and its 200 day moving average price is $103.59.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were issued a dividend of $0.0854 per share. The ex-dividend date was Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 0.9%.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake 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 purchasing an additional 3,835 shares during the last quarter. Capital Square LLC purchased a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter valued at about $266,000. Finally, Strive Financial Group LLC acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at about $39,000.

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.