VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sees Large Drop in Short Interest

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 28,493 shares, a decrease of 44.7% from the September 30th total of 51,533 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 82,429 shares, the short-interest ratio is currently 0.3 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Down 0.7%

Shares of NASDAQ USVM opened at $106.37 on Friday. The company has a market cap of $1.84 billion, a P/E ratio of 15.38 and a beta of 1.00. VictoryShares US Small Mid Cap Value Momentum ETF has a 52 week low of $86.52 and a 52 week high of $112.66. The business has a 50-day simple moving average of $105.98 and a two-hundred day simple moving average of $103.41.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 8th were given a $0.2459 dividend. This represents a $2.95 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.1882. The ex-dividend date was Thursday, October 8th.

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

A hedge fund recently raised its stake in VictoryShares US Small Mid Cap Value Momentum ETF stock. Capital Square LLC increased its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) by 5.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,587 shares of the company’s stock after acquiring an additional 140 shares during the period. Capital Square LLC’s holdings in VictoryShares US Small Mid Cap Value Momentum ETF were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

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.