Short Interest in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Declines By 42.6%

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 11,600 shares, a drop of 42.6% from the February 28th total of 20,200 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 148,000 shares, the days-to-cover ratio is presently 0.1 days.

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

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

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

NASDAQ USVM opened at $78.52 on Monday. The company has a fifty day moving average of $83.18 and a two-hundred day moving average of $85.23. VictoryShares US Small Mid Cap Value Momentum ETF has a 1 year low of $74.08 and a 1 year high of $93.41. The company has a market capitalization of $808.76 million, a PE ratio of 13.81 and a beta of 1.15.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, March 10th were paid a dividend of $0.1147 per share. The ex-dividend date was Monday, March 10th. This is an increase from VictoryShares US Small Mid Cap Value Momentum ETF’s previous dividend of $0.03.

VictoryShares US Small Mid Cap Value Momentum ETF Company Profile

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.