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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 61,589 shares, a growth of 105.3% from the June 15th total of 29,994 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 49,799 shares, the short-interest ratio is presently 1.2 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 1.1%

Shares of USVM traded up $1.15 during mid-day trading on Thursday, reaching $110.44. The company had a trading volume of 24,291 shares, compared to its average volume of 66,473. The stock has a market capitalization of $1.76 billion, a P/E ratio of 15.38 and a beta of 0.98. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $81.48 and a 52-week high of $110.76. The stock has a 50 day moving average of $105.90 and a two-hundred day moving average of $100.29.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.3027 per share. The ex-dividend date of this dividend was Thursday, July 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17.

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

Several large investors have recently made changes to their positions in the company. Strive Financial Group LLC purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter valued at $39,000. JPMorgan Chase & Co. grew its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after acquiring an additional 3,835 shares during the period. Finally, Nova Wealth Management Inc. grew its position 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 valued at $403,000 after acquiring an additional 222 shares during the period.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.