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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of a large growth in short interest in December. As of December 31st, there was short interest totaling 26,295 shares, a growth of 92.1% from the December 15th total of 13,686 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,895 shares, the days-to-cover ratio is presently 0.8 days. Based on an average daily trading volume, of 34,895 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.2% of the shares of the stock are sold short.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of USVM traded down $0.15 during mid-day trading on Friday, hitting $97.00. 3,701 shares of the stock were exchanged, compared to its average volume of 34,349. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $68.07 and a 52-week high of $97.31. The firm has a 50-day moving average of $91.93 and a two-hundred day moving average of $89.16. The company has a market cap of $1.27 billion, a PE ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

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

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the second quarter worth $94,000. JPMorgan Chase & Co. lifted its holdings in shares of 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 worth $357,000 after acquiring an additional 3,835 shares during the last quarter. Finally, Nova Wealth Management Inc. boosted its stake in shares of 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 purchasing an additional 1,920 shares during the period.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.