Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Decreases By 68.7%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 24,051 shares, a decrease of 68.7% from the April 30th total of 76,782 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 44,949 shares, the short-interest ratio is presently 0.5 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Performance

Shares of VictoryShares US Small Mid Cap Value Momentum ETF stock traded down $0.95 during midday trading on Friday, hitting $104.17. The company had a trading volume of 31,675 shares, compared to its average volume of 73,762. The stock has a market capitalization of $1.58 billion, a P/E ratio of 15.38 and a beta of 1.01. The company has a 50 day moving average of $100.04 and a 200 day moving average of $96.48. VictoryShares US Small Mid Cap Value Momentum ETF has a 52-week low of $79.87 and a 52-week high of $105.74.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were paid a dividend of $0.0358 per share. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date was Friday, May 8th.

Institutional Trading of VictoryShares US Small Mid Cap Value Momentum ETF

Institutional investors have recently added to or reduced their stakes in the business. Strive Financial Group LLC purchased a new stake in VictoryShares US Small Mid Cap Value Momentum ETF during the 4th quarter valued at $39,000. JPMorgan Chase & Co. boosted its stake 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 valued at $357,000 after purchasing an additional 3,835 shares during the last quarter. Finally, Nova Wealth Management Inc. boosted its stake in VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the 4th quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock valued at $403,000 after purchasing an additional 222 shares during the last quarter.

About VictoryShares US Small Mid Cap Value Momentum ETF

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.