VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Up 228.6% in January

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totalling 2,300 shares, a growth of 228.6% from the December 31st total of 700 shares. Based on an average daily volume of 8,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of 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 acquired a new stake in VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,570 shares of the company’s stock, valued at approximately $132,000.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

Shares of NASDAQ USVM traded down $0.48 during midday trading on Friday, hitting $87.49. The company’s stock had a trading volume of 6,938 shares, compared to its average volume of 355,636. The firm has a market capitalization of $826.78 million, a price-to-earnings ratio of 11.30 and a beta of 1.11. The business’s fifty day simple moving average is $87.25 and its two-hundred day simple moving average is $84.92. VictoryShares US Small Mid Cap Value Momentum ETF has a 1 year low of $71.53 and a 1 year high of $93.41.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, January 8th were paid a $0.0766 dividend. The ex-dividend date of this dividend was Wednesday, January 8th.

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.