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 growth in short interest in 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. Based on an average daily trading volume, of 85,594 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

Shares of USVM opened at $94.41 on Friday. VictoryShares US Small Mid Cap Value Momentum ETF has a one year low of $68.07 and a one year high of $101.26. The company has a 50-day simple moving average of $97.01 and a two-hundred day simple moving average of $93.08. The firm has a market capitalization of $1.33 billion, a PE ratio of 15.38 and a beta of 1.04.

VictoryShares US Small Mid Cap Value Momentum ETF Announces Dividend

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

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strive Financial Group LLC bought a new position in VictoryShares US Small Mid Cap Value Momentum ETF in the fourth quarter worth $39,000. Nova Wealth Management Inc. boosted its holdings in shares of 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 buying an additional 222 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of 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 worth $357,000 after buying an additional 3,835 shares during the period.

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.