Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Declines By 40.5%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 4,400 shares, a drop of 40.5% from the October 15th total of 7,400 shares. Based on an average daily volume of 7,100 shares, the days-to-cover ratio is currently 0.6 days.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

Shares of USVM stock traded down $0.98 on Friday, hitting $87.53. The stock had a trading volume of 7,482 shares, compared to its average volume of 9,533. The business has a 50 day moving average of $84.88 and a 200 day moving average of $81.38. The stock has a market cap of $288.84 million, a price-to-earnings ratio of 11.30 and a beta of 1.11. VictoryShares US Small Mid Cap Value Momentum ETF has a 12-month low of $65.52 and a 12-month high of $91.91.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 8th. Shareholders of record on Thursday, November 7th were given a $0.0243 dividend. This represents a $0.29 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, November 7th.

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.