VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Short Interest Update

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 17,025 shares, a drop of 50.4% from the August 31st total of 34,313 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,426 shares, the short-interest ratio is currently 11.9 days.

Hedge Funds Weigh In On VictoryShares US Value Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC grew its holdings in shares of VictoryShares US Value Momentum ETF by 5.0% during the second quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock worth $1,791,000 after purchasing an additional 806 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of VictoryShares US Value Momentum ETF by 5.2% in the first quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock valued at $2,469,000 after buying an additional 1,267 shares during the last quarter. World Investment Advisors bought a new position in shares of VictoryShares US Value Momentum ETF in the first quarter valued at about $616,000. Finally, Manchester Financial Inc. raised its holdings in shares of VictoryShares US Value Momentum ETF by 2.5% in the first quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock valued at $1,813,000 after buying an additional 469 shares during the last quarter.

VictoryShares US Value Momentum ETF Price Performance

Shares of ULVM opened at $102.59 on Thursday. The company has a market capitalization of $256.48 million, a P/E ratio of 17.39 and a beta of 0.86. VictoryShares US Value Momentum ETF has a one year low of $88.01 and a one year high of $111.41. The business’s 50 day simple moving average is $107.97 and its 200-day simple moving average is $104.09.

VictoryShares US Value Momentum ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were issued a dividend of $0.2602 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $3.12 dividend on an annualized basis and a yield of 3.0%. This is a positive change from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.0846.

VictoryShares US Value Momentum ETF Company Profile

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.