VictoryShares US Value Momentum ETF (NASDAQ:ULVM) Short Interest Up 29.0% in January

VictoryShares US Value Momentum ETF (NASDAQ:ULVM) was the recipient of a large increase in short interest in 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 trading volume, of 2,400 shares, the days-to-cover ratio is currently 6.7 days.

VictoryShares US Value Momentum ETF Price Performance

ULVM stock opened at $84.39 on Monday. The business’s fifty day moving average price is $83.14 and its two-hundred day moving average price is $80.98. The stock has a market capitalization of $156.12 million, a price-to-earnings ratio of 15.67 and a beta of 0.99. VictoryShares US Value Momentum ETF has a fifty-two week low of $68.81 and a fifty-two week 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. Shareholders of record on Wednesday, January 8th were issued a $0.0555 dividend. The ex-dividend date of this dividend 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 stake in VictoryShares US Value Momentum ETF (NASDAQ:ULVM) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,487 shares of the company’s stock, valued at approximately $200,000. Manchester Financial Inc. owned approximately 0.13% of VictoryShares US Value Momentum ETF as of its most recent SEC filing.

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.