Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Increases By 71.7%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 27,107 shares, a growth of 71.7% from the February 26th total of 15,787 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 85,594 shares, the short-interest ratio is presently 0.3 days.

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

Several hedge funds have recently added to or reduced their stakes in USVM. Nova Wealth Management Inc. increased its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 84.7% during the 3rd quarter. Nova Wealth Management Inc. now owns 4,188 shares of the company’s stock valued at $379,000 after purchasing an additional 1,920 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $357,000 after buying an additional 3,835 shares in the last quarter. Finally, Strive Financial Group LLC bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF in the 4th quarter worth approximately $39,000.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

VictoryShares US Small Mid Cap Value Momentum ETF stock opened at $93.03 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a fifty-two week low of $68.07 and a fifty-two week high of $101.26. The stock has a market cap of $1.31 billion, a P/E ratio of 15.38 and a beta of 1.04. The firm’s fifty day moving average price is $96.93 and its 200-day moving average price is $93.10.

VictoryShares US Small Mid Cap Value Momentum ETF Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, March 11th. Investors of record on Tuesday, March 10th were paid a $0.1747 dividend. The ex-dividend date of this dividend was Tuesday, March 10th.

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.