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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 61,589 shares, an increase of 105.3% from the June 15th total of 29,994 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 49,799 shares, the short-interest ratio is presently 1.2 days.

Hedge Funds Weigh In On VictoryShares US Small Mid Cap Value Momentum ETF

Several hedge funds have recently modified their holdings of the stock. Nova Wealth Management Inc. boosted its position in shares of VictoryShares US Small Mid Cap Value Momentum ETF by 5.3% during the fourth quarter. Nova Wealth Management Inc. now owns 4,410 shares of the company’s stock worth $403,000 after acquiring an additional 222 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in VictoryShares US Small Mid Cap Value Momentum ETF by 3,759.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,937 shares of the company’s stock valued at $357,000 after acquiring an additional 3,835 shares during 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 valued at $39,000.

VictoryShares US Small Mid Cap Value Momentum ETF Trading Up 0.6%

USVM traded up $0.62 on Wednesday, hitting $109.35. 4,682 shares of the company’s stock traded hands, compared to its average volume of 66,503. The company’s 50 day simple moving average is $105.80 and its 200-day simple moving average is $100.17. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 15.38 and a beta of 0.98. VictoryShares US Small Mid Cap Value Momentum ETF has a one year low of $81.48 and a one year high of $110.35.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 10th. Shareholders of record on Thursday, July 9th were issued a dividend of $0.3027 per share. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Thursday, July 9th.

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.