VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Up 79.3% in April

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 43,692 shares, a growth of 79.3% from the March 31st total of 24,368 shares. Based on an average trading volume of 42,090 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the shares of the stock are short sold.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of NASDAQ USVM opened at $102.51 on Monday. VictoryShares US Small Mid Cap Value Momentum ETF has a twelve month low of $75.00 and a twelve month high of $103.26. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 15.38 and a beta of 1.01. The firm has a 50-day moving average of $97.34 and a two-hundred day moving average of $94.34.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, April 10th. Shareholders of record on Thursday, April 9th were issued a $0.2067 dividend. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, April 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.11.

Institutional Investors Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

A number of institutional investors and hedge funds have recently bought and sold shares of USVM. JPMorgan Chase & Co. lifted its holdings in 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 valued at $357,000 after acquiring an additional 3,835 shares during the last quarter. Strive Financial Group LLC acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter valued at about $39,000. Finally, Nova Wealth Management Inc. lifted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% in the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after acquiring an additional 222 shares during the last quarter.

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.