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VictoryShares International Value Momentum ETF (NASDAQ: UIVM - Get Free Report) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 2,395 shares, a drop of 96.5% from the February 12th total of 68,081 shares. Approximately 0.1% of the shares of the company are short sold. Based on
Empirical Asset Management LLC acquired a new position in shares of VictoryShares International Value Momentum ETF (NASDAQ: UIVM) during the undefined quarter, according to its most recent filing with the SEC. The institutional investor acquired 14,614 shares of the company's stock, valued at approximately $893,000. Empirical Asset Management LLC owned 0.32% of VictoryShares
VictoryShares International Value Momentum ETF (NASDAQ: UIVM - Get Free Report) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 68,081 shares, a growth of 789.7% from the January 29th total of 7,652 shares. Based on an average daily volume of 9,595 shares, the
VictoryShares International Value Momentum ETF blends value and momentum factors with a low-volatility weighting. UIVM is well-diversified in countries and holdings, with a focus on financials. UIVM's performance lags FDT and several international value/momentum peers.
VictoryShares International Value Momentum ETF offers international diversification, a near 4% yield, and monthly payouts, making it attractive for income-focused investors and retirees seeking non-U.S. exposure. The ETF has outperformed the S&P 500 and key international peers over 1- and 3-year periods, driven by NAV growth and value/momentum factors. With a P/E of 13.96x and a reasonable 0.35% expense ratio, UIVM provides value versus the S&P and other global funds, though some peers are cheaper.
UIVM leverages an index-based strategy, favoring reasonably priced ex-U.S. developed-world names with momentum characteristics. The ETF offers exposure to notable overseas value/momentum stories, mostly from Japan, but its past performance suggests the strategy is not as powerful as it might seem. Despite being overall constructive on UIVM, I would still stop short of a bullish thesis.