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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 19,400 shares, a decline of 21.8% from the August 15th total of 24,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily volume of 35,600 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 35,600 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

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

A number of hedge funds have recently bought and sold shares of the company. Nova Wealth Management Inc. raised its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 319.2% during the second quarter. Nova Wealth Management Inc. now owns 2,268 shares of the company’s stock worth $190,000 after buying an additional 1,727 shares during the last quarter. Comprehensive Financial Planning Inc. PA raised its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 40.1% during the first quarter. Comprehensive Financial Planning Inc. PA now owns 2,199 shares of the company’s stock worth $183,000 after buying an additional 629 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the second quarter worth $94,000.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of NASDAQ:USVM opened at $90.80 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a 52 week low of $68.07 and a 52 week high of $93.41. The firm’s fifty day moving average is $86.59 and its 200-day moving average is $81.90. The firm has a market cap of $1.06 billion, a PE ratio of 15.38 and a beta of 1.11.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, September 9th. Investors of record on Monday, September 8th were paid a dividend of $0.2313 per share. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.11. This represents a c) dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, September 8th.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.