VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Stock Short Interest Falls 50.4%

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 17,025 shares, a decline of 50.4% from the August 31st total of 34,313 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average trading volume of 1,426 shares, the short-interest ratio is currently 11.9 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ULVM. World Investment Advisors bought a new stake in VictoryShares US Value Momentum ETF in the 1st quarter valued at about $616,000. Citadel Advisors LLC increased its stake in shares of 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 worth $1,791,000 after purchasing an additional 806 shares in the last quarter. Manchester Financial Inc. raised its position in shares of VictoryShares US Value Momentum ETF by 4.1% in the fourth quarter. Manchester Financial Inc. now owns 18,520 shares of the company’s stock valued at $1,692,000 after purchasing an additional 737 shares during the period. Finally, Bank of America Corp DE raised its position in shares of VictoryShares US Value Momentum ETF by 5.2% in the first quarter. Bank of America Corp DE now owns 25,858 shares of the company’s stock valued at $2,469,000 after purchasing an additional 1,267 shares during the period.

VictoryShares US Value Momentum ETF Stock Performance

ULVM traded down $0.16 during midday trading on Tuesday, reaching $103.25. The company had a trading volume of 500 shares, compared to its average volume of 2,667. VictoryShares US Value Momentum ETF has a 12-month low of $88.01 and a 12-month high of $111.41. The business has a 50-day moving average price of $108.16 and a two-hundred day moving average price of $104.00. The stock has a market cap of $258.13 million, a PE ratio of 17.39 and a beta of 0.86.

VictoryShares US Value Momentum ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, September 10th. Shareholders of record on Wednesday, September 9th were paid a $0.2602 dividend. The ex-dividend date was Wednesday, September 9th. This is a boost from VictoryShares US Value Momentum ETF’s previous monthly dividend of $0.0846. This represents a $3.12 annualized dividend and a dividend yield of 3.0%.

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.