VictoryShares Emerging Markets Value Momentum ETF (NASDAQ:UEVM) Short Interest Up 63.8% in May

VictoryShares Emerging Markets Value Momentum ETF (NASDAQ:UEVM) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 2,248 shares, a growth of 63.8% from the April 30th total of 1,372 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 4,598 shares, the days-to-cover ratio is presently 0.5 days.

VictoryShares Emerging Markets Value Momentum ETF Stock Performance

UEVM traded down $1.09 during mid-day trading on Wednesday, reaching $60.48. The stock had a trading volume of 3,538 shares, compared to its average volume of 5,796. The firm’s fifty day simple moving average is $59.39 and its two-hundred day simple moving average is $58.31. The stock has a market capitalization of $254.02 million, a P/E ratio of 11.04 and a beta of 0.55. VictoryShares Emerging Markets Value Momentum ETF has a 52 week low of $50.28 and a 52 week high of $61.77.

Hedge Funds Weigh In On VictoryShares Emerging Markets Value Momentum ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in VictoryShares Emerging Markets Value Momentum ETF in the 1st quarter worth $382,000. Citadel Advisors LLC bought a new stake in shares of VictoryShares Emerging Markets Value Momentum ETF in the third quarter valued at about $720,000. OLD Mission Capital LLC boosted its position in shares of VictoryShares Emerging Markets Value Momentum ETF by 10.8% during the fourth quarter. OLD Mission Capital LLC now owns 13,589 shares of the company’s stock worth $753,000 after buying an additional 1,323 shares during the period. Raymond James Financial Inc. raised its position in VictoryShares Emerging Markets Value Momentum ETF by 55.1% in the 2nd quarter. Raymond James Financial Inc. now owns 16,589 shares of the company’s stock valued at $870,000 after buying an additional 5,891 shares during the last quarter. Finally, Sigma Planning Corp lifted its stake in VictoryShares Emerging Markets Value Momentum ETF by 3.7% in the 4th quarter. Sigma Planning Corp now owns 17,782 shares of the company’s stock valued at $986,000 after acquiring an additional 638 shares in the last quarter.

VictoryShares Emerging Markets Value Momentum ETF Company Profile

The VictoryShares Emerging Markets Value Momentum ETF (UEVM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, volatility-weighted index of stocks from emerging economies. UEVM was launched on Oct 24, 2017 and is managed by VictoryShares.