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 recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 2,300 shares, an increase of 228.6% from the December 31st total of 700 shares. Based on an average daily trading volume, of 8,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VictoryShares US Small Mid Cap Value Momentum ETF stock. Comprehensive Financial Planning Inc. PA bought a new stake in shares of VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,570 shares of the company’s stock, valued at approximately $132,000.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

USVM stock traded down $0.10 during mid-day trading on Wednesday, hitting $86.93. 82,244 shares of the stock were exchanged, compared to its average volume of 393,402. The business has a fifty day moving average price of $87.31 and a 200 day moving average price of $84.89. VictoryShares US Small Mid Cap Value Momentum ETF has a 12 month low of $71.53 and a 12 month high of $93.41. The stock has a market capitalization of $821.50 million, a price-to-earnings ratio of 11.30 and a beta of 1.11.

VictoryShares US Small Mid Cap Value Momentum ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, January 8th were given a $0.0766 dividend. The ex-dividend date 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.