Short Interest in VictoryShares Emerging Markets Value Momentum ETF (NASDAQ:UEVM) Grows By 238.4%

VictoryShares Emerging Markets Value Momentum ETF (NASDAQ:UEVM) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 5,935 shares, a growth of 238.4% from the June 30th total of 1,754 shares. Based on an average daily volume of 6,107 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.1% of the company’s stock are short sold.

VictoryShares Emerging Markets Value Momentum ETF Stock Down 0.2%

NASDAQ:UEVM traded down $0.09 during trading hours on Friday, hitting $58.50. 332 shares of the company traded hands, compared to its average volume of 5,237. The firm’s 50-day simple moving average is $59.03 and its 200-day simple moving average is $59.12. The company has a market cap of $245.71 million, a PE ratio of 11.04 and a beta of 0.55. VictoryShares Emerging Markets Value Momentum ETF has a one year low of $51.85 and a one year high of $61.77.

VictoryShares Emerging Markets Value Momentum ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were given a $0.4573 dividend. This is a positive change from VictoryShares Emerging Markets Value Momentum ETF’s previous monthly dividend of $0.06. This represents a c) annualized dividend and a yield of 9.4%. The ex-dividend date of this dividend was Thursday, July 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. OLD Mission Capital LLC lifted its stake in shares of VictoryShares Emerging Markets Value Momentum ETF by 10.8% during the 4th quarter. OLD Mission Capital LLC now owns 13,589 shares of the company’s stock valued at $753,000 after buying an additional 1,323 shares in the last quarter. Raymond James Financial Inc. boosted its holdings in shares of VictoryShares Emerging Markets Value Momentum ETF by 9.2% in the third quarter. Raymond James Financial Inc. now owns 18,110 shares of the company’s stock worth $1,005,000 after acquiring an additional 1,521 shares during the period. Bank of America Corp DE grew its position in shares of VictoryShares Emerging Markets Value Momentum ETF by 3.9% in the first quarter. Bank of America Corp DE now owns 229,224 shares of the company’s stock valued at $13,115,000 after purchasing an additional 8,642 shares in the last quarter. Sigma Planning Corp raised its stake in shares of VictoryShares Emerging Markets Value Momentum ETF by 5.4% during the 1st quarter. Sigma Planning Corp now owns 18,740 shares of the company’s stock valued at $1,072,000 after purchasing an additional 958 shares during the period. Finally, Citadel Advisors LLC bought a new stake in shares of VictoryShares Emerging Markets Value Momentum ETF during the 3rd quarter valued at $720,000.

VictoryShares Emerging Markets Value Momentum ETF Company Profile

The VictoryShares Emerging Markets Value Momentum ETF (UEVM) 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 emerging economies. UEVM was launched on Oct 24, 2017 and is managed by VictoryShares.