Short Interest in VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Increases By 29.0%

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 16,000 shares, an increase of 29.0% from the December 31st total of 12,400 shares. Based on an average daily volume of 2,400 shares, the days-to-cover ratio is presently 6.7 days.

Institutional Trading of VictoryShares US Value Momentum ETF

A hedge fund recently bought a new stake in VictoryShares US Value Momentum ETF stock. Manchester Financial Inc. acquired a new stake in VictoryShares US Value Momentum ETF (NASDAQ:ULVM) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 2,487 shares of the company’s stock, valued at approximately $200,000. Manchester Financial Inc. owned about 0.13% of VictoryShares US Value Momentum ETF as of its most recent filing with the SEC.

VictoryShares US Value Momentum ETF Stock Performance

Shares of ULVM stock opened at $84.39 on Monday. VictoryShares US Value Momentum ETF has a 52 week low of $68.81 and a 52 week high of $87.22. The stock has a market capitalization of $156.12 million, a PE ratio of 15.67 and a beta of 0.99. The stock’s fifty day moving average is $83.14 and its 200-day moving average is $80.98.

VictoryShares US Value Momentum ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, January 8th were paid a $0.0555 dividend. The ex-dividend date of this dividend was Wednesday, January 8th.

About VictoryShares US Value Momentum ETF

The VictoryShares US Value Momentum ETF (ULVM) is an exchange-traded fund that is based on the Nasdaq Victory US Value Momentum index. The fund tracks an index of large-cap US stocks that are selected by equal parts value and momentum, and weighted by volatility. ULVM was launched on Oct 24, 2017 and is managed by VictoryShares.