VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Update

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of a significant growth in short interest in April. As of April 30th, there was short interest totaling 76,782 shares, a growth of 75.7% from the April 15th total of 43,692 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 62,721 shares, the days-to-cover ratio is currently 1.2 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Strive Financial Group LLC purchased a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at approximately $39,000. Nova Wealth Management Inc. raised its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after purchasing an additional 222 shares in the last quarter. Finally, JPMorgan Chase & Co. raised 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 in the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

Shares of USVM opened at $100.39 on Wednesday. The firm’s 50 day simple moving average is $98.45 and its 200 day simple moving average is $95.68. The company has a market capitalization of $1.53 billion, a P/E ratio of 15.38 and a beta of 1.01. VictoryShares US Small Mid Cap Value Momentum ETF has a 1-year low of $78.64 and a 1-year high of $104.63.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were paid a $0.0358 dividend. This represents a c) dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Friday, May 8th.

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.