VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) Short Interest Update

VictoryShares US Small Mid Cap Value Momentum ETF (NASDAQ:USVM) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totalling 1,900 shares, a drop of 59.6% from the July 31st total of 4,700 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is currently 0.2 days.

VictoryShares US Small Mid Cap Value Momentum ETF Price Performance

NASDAQ:USVM traded up $0.66 during mid-day trading on Friday, reaching $84.08. 4,466 shares of the company’s stock traded hands, compared to its average volume of 10,424. The company has a 50 day moving average price of $80.22 and a 200-day moving average price of $78.36. The firm has a market capitalization of $248.04 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 $60.66 and a 12-month high of $85.62.

VictoryShares US Small Mid Cap Value Momentum ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 9th. Stockholders of record on Thursday, August 8th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, August 8th. This is a boost from VictoryShares US Small Mid Cap Value Momentum ETF’s previous monthly dividend of $0.12. This represents a $3.12 annualized dividend and a dividend yield of 3.71%.

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.