VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Short Interest Up 82.6% in August

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 34,313 shares, an increase of 82.6% from the August 15th total of 18,791 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily volume of 4,026 shares, the days-to-cover ratio is presently 8.5 days.

VictoryShares US Value Momentum ETF Price Performance

Shares of NASDAQ:ULVM traded up $0.44 during midday trading on Thursday, reaching $105.83. 306 shares of the company’s stock were exchanged, compared to its average volume of 2,728. The stock has a market cap of $212.72 million, a price-to-earnings ratio of 17.39 and a beta of 0.86. VictoryShares US Value Momentum ETF has a fifty-two week low of $88.01 and a fifty-two week high of $111.41. The firm’s 50 day simple moving average is $108.62 and its two-hundred day simple moving average is $103.63.

VictoryShares US Value Momentum ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were paid a dividend of $0.2602 per share. This represents a c) annualized dividend and a yield of 3.0%. This is a boost from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, September 9th.

Institutional Investors Weigh In On VictoryShares US Value Momentum ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ULVM. Bank of America Corp DE lifted its holdings in shares of VictoryShares US Value Momentum ETF by 5.2% in the 1st quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock worth $2,469,000 after acquiring an additional 1,267 shares during the last quarter. Manchester Financial Inc. raised its position in VictoryShares US Value Momentum ETF by 2.5% in the first quarter. Manchester Financial Inc. now owns 18,989 shares of the company’s stock valued at $1,813,000 after purchasing an additional 469 shares during the period. Citadel Advisors LLC raised its position in VictoryShares US Value Momentum ETF by 5.0% in the second quarter. Citadel Advisors LLC now owns 16,871 shares of the company’s stock valued at $1,791,000 after purchasing an additional 806 shares during the period. Finally, World Investment Advisors acquired a new position in VictoryShares US Value Momentum ETF during the first quarter worth $616,000.

VictoryShares US Value Momentum ETF Company Profile

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.