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

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 16,100 shares, an increase of 38.8% from the March 15th total of 11,600 shares. Based on an average daily volume of 162,500 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Up 0.7 %

Shares of NASDAQ USVM opened at $73.68 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a twelve month low of $68.07 and a twelve month high of $93.41. The firm has a market cap of $773.64 million, a PE ratio of 13.93 and a beta of 1.04. The business has a fifty day simple moving average of $78.76 and a two-hundred day simple moving average of $84.05.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 10th were issued a $0.1674 dividend. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.02. This represents a $2.01 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Thursday, April 10th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF stock. Comprehensive Financial Planning Inc. PA purchased a new position in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,570 shares of the company’s stock, valued at approximately $132,000.

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.