Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Decreases By 58.9%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 8,300 shares, a decline of 58.9% from the September 15th total of 20,200 shares. Based on an average daily volume of 31,800 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 31,800 shares, the short-interest ratio is presently 0.3 days.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Down 0.0%

USVM stock opened at $89.30 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a 1-year low of $68.07 and a 1-year high of $93.41. The firm has a market cap of $1.10 billion, a P/E ratio of 15.38 and a beta of 1.11. The business’s 50 day moving average is $89.16 and its 200-day moving average is $83.51.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, October 10th. Shareholders of record on Thursday, October 9th were given a $0.2197 dividend. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Thursday, October 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of USVM. Nova Wealth Management Inc. bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the 1st quarter valued at $43,000. Bessemer Group Inc. acquired a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the 2nd quarter valued at $94,000. Finally, Comprehensive Financial Planning Inc. PA lifted its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 40.1% in the 1st quarter. Comprehensive Financial Planning Inc. PA now owns 2,199 shares of the company’s stock valued at $183,000 after purchasing an additional 629 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.