VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Down 14.4% in February

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 17,520 shares, a decrease of 14.4% from the January 29th total of 20,458 shares. Based on an average daily trading volume, of 58,099 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 58,099 shares, the days-to-cover ratio is presently 0.3 days.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

Shares of NASDAQ:USVM opened at $97.03 on Friday. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 15.38 and a beta of 1.04. The business’s 50 day simple moving average is $96.96 and its 200-day simple moving average is $92.49. VictoryShares US Small Mid Cap Value Momentum ETF has a 12 month low of $68.07 and a 12 month high of $101.26.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, February 10th. Shareholders of record on Monday, February 9th were given a dividend of $0.1137 per share. The ex-dividend date was Monday, February 9th. This is a positive change from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.06. This represents a c) dividend on an annualized basis and a yield of 1.4%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Nova Wealth Management Inc. raised its stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after buying an additional 222 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during 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 in the last quarter. Bessemer Group Inc. purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the 2nd quarter valued at about $94,000. Finally, Strive Financial Group LLC acquired a new position in VictoryShares US Small Mid Cap Value Momentum ETF during the fourth quarter worth about $39,000.

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.