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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 14,367 shares, a drop of 45.4% from the December 31st total of 26,295 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 37,373 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 37,373 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

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

A number of hedge funds have recently added to or reduced their stakes in USVM. Bessemer Group Inc. bought a new position in shares of VictoryShares US Small Mid Cap Value Momentum ETF in the second quarter worth about $94,000. Nova Wealth Management Inc. raised its position in VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% in the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock worth $379,000 after purchasing an additional 1,920 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock worth $357,000 after buying an additional 3,835 shares in the last quarter.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

Shares of USVM traded down $0.65 during trading hours on Friday, hitting $95.93. The stock had a trading volume of 101,698 shares, compared to its average volume of 150,990. VictoryShares US Small Mid Cap Value Momentum ETF has a 52 week low of $68.07 and a 52 week high of $98.52. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 15.38 and a beta of 1.04. The company’s fifty day moving average is $93.67 and its two-hundred day moving average is $90.09.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Thursday, January 8th were given a $0.0623 dividend. The ex-dividend date was Thursday, January 8th. This represents a c) annualized dividend and a yield of 0.8%.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.