Short Interest in VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Rises By 47.8%

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 27,269 shares, a growth of 47.8% from the July 15th total of 18,447 shares. Currently, 1.1% of the shares of the stock are sold short. Based on an average trading volume of 2,942 shares, the short-interest ratio is currently 9.3 days.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

A number of hedge funds have recently modified their holdings of ULVM. Manchester Financial Inc. lifted its stake 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 worth $1,813,000 after buying an additional 469 shares in the last quarter. Bank of America Corp DE grew its stake in VictoryShares US Value Momentum ETF by 5.2% during the 1st quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock valued at $2,469,000 after acquiring an additional 1,267 shares in the last quarter. Cetera Investment Advisers grew its stake in VictoryShares US Value Momentum ETF by 8.9% during the 4th quarter. Cetera Investment Advisers now owns 22,828 shares of the company’s stock valued at $2,086,000 after acquiring an additional 1,860 shares in the last quarter. World Investment Advisors purchased a new stake in VictoryShares US Value Momentum ETF during the 1st quarter valued at about $616,000. Finally, Victory Capital Management Inc. raised its holdings in VictoryShares US Value Momentum ETF by 15.4% in the 4th quarter. Victory Capital Management Inc. now owns 1,857,405 shares of the company’s stock valued at $169,717,000 after acquiring an additional 248,284 shares during the last quarter.

VictoryShares US Value Momentum ETF Stock Performance

Shares of ULVM opened at $110.91 on Tuesday. The stock has a 50 day moving average price of $107.51 and a 200 day moving average price of $102.06. VictoryShares US Value Momentum ETF has a one year low of $86.54 and a one year high of $111.41. The stock has a market capitalization of $271.73 million, a price-to-earnings ratio of 17.39 and a beta of 0.87.

VictoryShares US Value Momentum ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a dividend of $0.0846 per share. This represents a c) annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, August 7th.

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.