VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Short Interest Up 47.8% in July

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 27,269 shares, a growth of 47.8% from the July 15th total of 18,447 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 2,942 shares, the days-to-cover ratio is currently 9.3 days.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

A number of institutional investors and hedge funds have recently modified their holdings of ULVM. World Investment Advisors purchased a new stake in VictoryShares US Value Momentum ETF in the first quarter worth $616,000. Victory Capital Management Inc. boosted its stake in shares of VictoryShares US Value Momentum ETF by 15.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,857,405 shares of the company’s stock valued at $169,717,000 after purchasing an additional 248,284 shares during the period. Bank of America Corp DE boosted its stake in shares of VictoryShares US Value Momentum ETF by 5.2% during the first quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock valued at $2,469,000 after purchasing an additional 1,267 shares during the period. Cetera Investment Advisers grew its holdings in shares of VictoryShares US Value Momentum ETF by 8.9% in the fourth quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock worth $2,086,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Manchester Financial Inc. increased its stake in VictoryShares US Value Momentum ETF by 2.5% in the 1st quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock worth $1,813,000 after buying an additional 469 shares during the period.

VictoryShares US Value Momentum ETF Stock Up 0.4%

NASDAQ:ULVM traded up $0.49 during mid-day trading on Wednesday, hitting $111.10. 1,255 shares of the stock traded hands, compared to its average volume of 2,737. VictoryShares US Value Momentum ETF has a 52 week low of $86.90 and a 52 week high of $111.41. The stock has a market capitalization of $272.19 million, a price-to-earnings ratio of 17.39 and a beta of 0.87. The firm’s 50 day moving average is $107.64 and its two-hundred day moving average is $102.17.

VictoryShares US Value Momentum ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were paid a dividend of $0.0846 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%.

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.