Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Drops By 45.4%

by · The Markets Daily

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM – Get Free Report) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 14,367 shares, a drop of 45.4% from the December 31st total of 26,295 shares. Based on an average daily volume of 37,373 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 37,373 shares, the short-interest ratio is currently 0.4 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after purchasing an additional 3,835 shares during the last quarter. Nova Wealth Management Inc. raised its position in VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% during the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock worth $379,000 after buying an additional 1,920 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the second quarter valued at about $94,000.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Down 1.2%

NASDAQ USVM traded down $1.18 during trading on Friday, hitting $95.40. The stock had a trading volume of 27,953 shares, compared to its average volume of 147,071. The company has a market capitalization of $1.33 billion, a PE ratio of 15.38 and a beta of 1.04. The firm has a 50 day moving average price of $93.52 and a 200 day moving average price of $89.97. VictoryShares US Small Mid Cap Value Momentum ETF has a twelve month low of $68.07 and a twelve month high of $98.52.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 9th. Investors of record on Thursday, January 8th were issued a $0.0623 dividend. The ex-dividend date of this dividend was Thursday, January 8th. This represents a c) annualized dividend and a yield of 0.8%.

About VictoryShares US Small Mid Cap Value Momentum ETF

(Get Free Report)

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.

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