VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sees Significant Growth in Short Interest

by · The Markets Daily

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM – Get Free Report) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 46,425 shares, a growth of 93.0% from the May 14th total of 24,051 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 39,012 shares, the short-interest ratio is currently 1.2 days.

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

Several institutional investors have recently added to or reduced their stakes in USVM. Strive Financial Group LLC purchased a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at approximately $39,000. JPMorgan Chase & Co. boosted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd 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. Finally, Nova Wealth Management Inc. boosted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th 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.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 1.0%

USVM stock traded up $1.06 during trading on Friday, hitting $107.84. The company had a trading volume of 35,606 shares, compared to its average volume of 71,233. The firm has a market cap of $1.64 billion, a PE ratio of 15.38 and a beta of 0.99. VictoryShares US Small Mid Cap Value Momentum ETF has a 1-year low of $81.22 and a 1-year high of $108.31. The firm has a 50-day moving average price of $102.30 and a 200-day moving average price of $97.63.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were given a $0.1824 dividend. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.04. The ex-dividend date was Tuesday, June 9th. This represents a c) annualized dividend and a yield of 2.0%.

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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