VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Sees Large Decline in Short Interest

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) was the target of 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 short-interest ratio is currently 0.6 days.

VictoryShares US Small Mid Cap Value Momentum ETF Stock Down 1.1 %

Shares of USVM stock traded down $0.94 during trading hours on Friday, hitting $87.57. 6,715 shares of the company’s stock traded hands, compared to its average volume of 9,529. The stock’s fifty day simple moving average is $84.88 and its two-hundred day simple moving average is $81.38. VictoryShares US Small Mid Cap Value Momentum ETF has a 12-month low of $65.52 and a 12-month high of $91.91. The stock has a market cap of $288.98 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 disclosed a monthly dividend, which was paid on Friday, November 8th. Investors of record on Thursday, November 7th were given a dividend of $0.0243 per share. This represents a $0.29 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend was Thursday, November 7th.

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.