Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Declines By 14.4%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a significant decline in short interest in February. As of February 13th, there was short interest totaling 17,520 shares, a decline of 14.4% from the January 29th total of 20,458 shares. Based on an average daily volume of 58,099 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 58,099 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

A number of hedge funds have recently bought and sold shares of the business. Nova Wealth Management Inc. boosted its holdings in shares of 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 purchasing an additional 222 shares during the last quarter. JPMorgan Chase & Co. lifted its position 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 in the last quarter. Bessemer Group Inc. acquired a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the second quarter worth $94,000. Finally, Strive Financial Group LLC purchased a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at $39,000.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of USVM stock opened at $97.89 on Wednesday. VictoryShares US Small Mid Cap Value Momentum ETF has a fifty-two week low of $68.07 and a fifty-two week high of $101.26. The stock’s fifty day moving average is $96.76 and its two-hundred day moving average is $92.41. The firm has a market capitalization of $1.38 billion, a P/E ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, February 10th. Stockholders of record on Monday, February 9th were paid a $0.1137 dividend. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, February 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.