VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sees Significant Increase in Short Interest

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 27,107 shares, an increase of 71.7% from the February 26th total of 15,787 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 85,594 shares, the days-to-cover ratio is currently 0.3 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of USVM. Nova Wealth Management Inc. boosted its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% during the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $379,000 after purchasing an additional 1,920 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the third quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after buying an additional 3,835 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at $39,000.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of USVM stock opened at $93.03 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a 1 year low of $68.07 and a 1 year high of $101.26. The business’s fifty day moving average is $96.93 and its 200-day moving average is $93.13. The stock has a market cap of $1.31 billion, a PE ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, March 11th. Investors of record on Tuesday, March 10th were issued a dividend of $0.1747 per share. The ex-dividend date of this dividend was Tuesday, March 10th.

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.