VictoryShares International Value Momentum ETF (NASDAQ:UIVM) Sees Significant Growth in Short Interest

VictoryShares International Value Momentum ETF (NASDAQ:UIVM) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 23,886 shares, a growth of 10,516.0% from the July 15th total of 225 shares. Based on an average daily volume of 3,626 shares, the days-to-cover ratio is presently 6.6 days. Approximately 0.5% of the company’s stock are sold short.

VictoryShares International Value Momentum ETF Stock Up 0.3%

Shares of NASDAQ:UIVM traded up $0.26 during midday trading on Tuesday, reaching $77.06. 8,382 shares of the company were exchanged, compared to its average volume of 4,288. The stock has a fifty day simple moving average of $73.48 and a two-hundred day simple moving average of $71.69. VictoryShares International Value Momentum ETF has a fifty-two week low of $59.69 and a fifty-two week high of $77.40. The firm has a market cap of $346.77 million, a PE ratio of 11.59 and a beta of 0.69.

VictoryShares International Value Momentum ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a $0.0446 dividend. The ex-dividend date was Friday, August 7th. This represents a c) annualized dividend and a yield of 0.7%.

Hedge Funds Weigh In On VictoryShares International Value Momentum ETF

A number of institutional investors have recently added to or reduced their stakes in UIVM. Jane Street Group LLC grew its holdings in VictoryShares International Value Momentum ETF by 56.5% during the first quarter. Jane Street Group LLC now owns 33,813 shares of the company’s stock worth $1,729,000 after purchasing an additional 12,208 shares during the period. Bank of America Corp DE increased its position in VictoryShares International Value Momentum ETF by 1,518.8% during the 2nd quarter. Bank of America Corp DE now owns 518 shares of the company’s stock worth $30,000 after buying an additional 486 shares during the period. Citadel Advisors LLC acquired a new stake in VictoryShares International Value Momentum ETF in the 3rd quarter worth about $1,057,000. Northwestern Mutual Wealth Management Co. raised its position in shares of VictoryShares International Value Momentum ETF by 38.7% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 13,604 shares of the company’s stock valued at $831,000 after buying an additional 3,797 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its position in shares of VictoryShares International Value Momentum ETF by 421.6% during the 3rd quarter. Susquehanna International Group LLP now owns 31,089 shares of the company’s stock valued at $1,899,000 after acquiring an additional 25,129 shares during the period.

VictoryShares International Value Momentum ETF Company Profile

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.