Short Interest in VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Increases By 82.6%

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 34,313 shares, an increase of 82.6% from the August 15th total of 18,791 shares. Currently, 1.4% of the company’s stock are short sold. Based on an average daily volume of 4,026 shares, the days-to-cover ratio is presently 8.5 days.

VictoryShares US Value Momentum ETF Price Performance

ULVM stock traded down $0.24 during midday trading on Wednesday, hitting $106.34. The stock had a trading volume of 1,125 shares, compared to its average volume of 2,755. The firm has a market cap of $213.75 million, a price-to-earnings ratio of 17.39 and a beta of 0.86. VictoryShares US Value Momentum ETF has a 52-week low of $88.01 and a 52-week high of $111.41. The business has a 50-day moving average of $108.64 and a two-hundred day moving average of $103.59.

VictoryShares US Value Momentum ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were issued a dividend of $0.2602 per share. This represents a c) dividend on an annualized basis and a yield of 2.9%. This is a boost from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, September 9th.

Institutional Trading of VictoryShares US Value Momentum ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manchester Financial Inc. boosted its position in VictoryShares US Value Momentum ETF by 2.5% during the first quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock worth $1,813,000 after purchasing an additional 469 shares in the last quarter. Citadel Advisors LLC increased its position in shares of VictoryShares US Value Momentum ETF by 5.0% in the second quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock valued at $1,791,000 after buying an additional 806 shares in the last quarter. Bank of America Corp DE increased its position in shares of VictoryShares US Value Momentum ETF by 5.2% in the first quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock valued at $2,469,000 after buying an additional 1,267 shares in the last quarter. Finally, World Investment Advisors acquired a new position in shares of VictoryShares US Value Momentum ETF during the 1st quarter worth approximately $616,000.

About VictoryShares US Value Momentum ETF

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.