VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Short Interest Update

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) saw 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 trading volume of 2,400 shares, the short-interest ratio is currently 6.7 days.

VictoryShares US Value Momentum ETF Stock Performance

Shares of NASDAQ ULVM traded down $0.62 during trading on Friday, hitting $84.39. 65 shares of the company were exchanged, compared to its average volume of 653. The company has a fifty day moving average price of $83.18 and a 200-day moving average price of $80.91. The firm has a market capitalization of $156.12 million, a PE ratio of 15.67 and a beta of 0.99. VictoryShares US Value Momentum ETF has a 12-month low of $68.81 and a 12-month high of $87.22.

VictoryShares US Value Momentum ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, January 8th were issued a $0.0555 dividend. The ex-dividend date was Wednesday, January 8th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in VictoryShares US Value Momentum ETF stock. Manchester Financial Inc. purchased a new position in shares of VictoryShares US Value Momentum ETF (NASDAQ:ULVM) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,487 shares of the company’s stock, valued at approximately $200,000. Manchester Financial Inc. owned 0.13% of VictoryShares US Value Momentum ETF at the end of the most recent quarter.

VictoryShares US Value Momentum ETF Company Profile

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.