For investors seeking momentum, VictoryShares Small Cap Free Cash Flow ETF (SFLO Quick QuoteSFLO - Free Report) is probably on the radar. The fund just hit a 52-week high and is up 50.8% from its 52-week low price of $20.50/share.

But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea of where it might be headed:

SFLO in Focus

The underlying Victory U.S. Small Cap Free Cash Flow Index invests in profitable U.S. small-cap companies trading at a discount with high free cash flow yields and favorable growth prospects. The product charges 49 bps in annual fees.

Why the Move?

Small-cap ETFs are showing resilience currently amid war jitters. Small-caps’ domestic focus, lower U.S. energy risks, a potentially less-hawkish Fed, and solid earnings momentum are positives. However, relatively high valuations may act as negatives.

More Gains Ahead?

SFLO might continue its strong performance in the near term, with a positive weighted alpha of 60.49 (as per Barchart.com), which gives cues of a further rally.