Short Interest in VictoryShares International Value Momentum ETF (NASDAQ:UIVM) Drops By 96.5%

VictoryShares International Value Momentum ETF (NASDAQ:UIVM) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 2,395 shares, a drop of 96.5% from the February 12th total of 68,081 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 5,137 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 5,137 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the company are short sold.

VictoryShares International Value Momentum ETF Trading Down 0.0%

Shares of NASDAQ:UIVM opened at $68.89 on Wednesday. VictoryShares International Value Momentum ETF has a 12-month low of $46.35 and a 12-month high of $74.27. The business has a 50 day moving average of $69.33 and a two-hundred day moving average of $64.43. The company has a market capitalization of $306.56 million, a PE ratio of 11.59 and a beta of 0.73.

VictoryShares International Value Momentum ETF Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, March 11th. Investors of record on Tuesday, March 10th will be paid a $0.0176 dividend. The ex-dividend date is Tuesday, March 10th.

Institutional Trading of VictoryShares International Value Momentum ETF

A number of hedge funds have recently added to or reduced their stakes in UIVM. Empirical Asset Management LLC acquired a new position in shares of VictoryShares International Value Momentum ETF in the third quarter worth about $893,000. Flow Traders U.S. LLC purchased a new stake in shares of VictoryShares International Value Momentum ETF during the 2nd quarter worth about $2,198,000. Financial Enhancement Group LLC grew its position in shares of VictoryShares International Value Momentum ETF by 5.5% during the 3rd quarter. Financial Enhancement Group LLC now owns 21,658 shares of the company’s stock valued at $1,322,000 after acquiring an additional 1,128 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of VictoryShares International Value Momentum ETF by 66.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 9,807 shares of the company’s stock valued at $572,000 after acquiring an additional 3,927 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of VictoryShares International Value Momentum ETF in the 4th quarter valued at about $213,000.

About VictoryShares International Value Momentum ETF

The VictoryShares International Value Momentum ETF (UIVM) is an exchange-traded fund that mostly invests in total market equity. The fund tracks a multi-factor-selected, volatility-weighted index of stocks from developed economies outside of the United States. UIVM was launched on Oct 24, 2017 and is managed by VictoryShares.