VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Significant Increase in Short Interest

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 106,575 shares, a growth of 115.1% from the April 30th total of 49,550 shares. Based on an average trading volume of 285,545 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the company’s shares are sold short.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. raised its position in shares of VictoryShares Short-Term Bond ETF by 0.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock worth $271,796,000 after purchasing an additional 14,801 shares during the period. Merit Financial Group LLC grew its holdings in VictoryShares Short-Term Bond ETF by 6.9% during the fourth quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock worth $132,118,000 after buying an additional 167,898 shares in the last quarter. Morgan Stanley grew its holdings in VictoryShares Short-Term Bond ETF by 28.8% during the fourth quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after buying an additional 486,138 shares in the last quarter. Bank of America Corp DE grew its holdings in VictoryShares Short-Term Bond ETF by 10.0% during the first quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after buying an additional 139,855 shares in the last quarter. Finally, LPL Financial LLC grew its stake in VictoryShares Short-Term Bond ETF by 7.8% in the 4th quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock valued at $67,867,000 after purchasing an additional 96,021 shares during the period.

VictoryShares Short-Term Bond ETF Stock Performance

USTB stock traded down $0.01 during trading on Tuesday, hitting $50.65. The company had a trading volume of 188,374 shares, compared to its average volume of 246,560. The business has a 50-day moving average of $50.59 and a 200-day moving average of $50.79. VictoryShares Short-Term Bond ETF has a one year low of $50.40 and a one year high of $51.12.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, May 11th. Investors of record on Friday, May 8th were issued a $0.1836 dividend. The ex-dividend date was Friday, May 8th. This represents a c) annualized dividend and a yield of 4.3%.

VictoryShares Short-Term Bond ETF Company Profile

The Victory Portfolios II VictoryShares Short-Term Bond ETF (USTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three years or less. USTB was launched on Oct 24, 2017 and is managed by VictoryShares.