Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Drops By 78.2%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 36,434 shares, a drop of 78.2% from the June 30th total of 166,982 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 237,904 shares, the short-interest ratio is presently 0.2 days.

VictoryShares Short-Term Bond ETF Stock Up 0.0%

Shares of USTB opened at $50.39 on Friday. The stock’s 50 day moving average is $50.54 and its two-hundred day moving average is $50.70. VictoryShares Short-Term Bond ETF has a twelve month low of $50.34 and a twelve month high of $51.12.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were issued a $0.2031 dividend. The ex-dividend date of this dividend was Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 4.8%. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of USTB. Victory Capital Management Inc. raised its position in VictoryShares Short-Term Bond ETF by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock worth $271,796,000 after acquiring an additional 14,801 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of VictoryShares Short-Term Bond ETF by 6.9% during the 4th quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock worth $132,118,000 after purchasing an additional 167,898 shares in the last quarter. Morgan Stanley boosted its position in shares of VictoryShares Short-Term Bond ETF by 28.8% during the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after purchasing an additional 486,138 shares in the last quarter. Bank of America Corp DE grew its stake in shares of VictoryShares Short-Term Bond ETF by 10.0% during the 1st quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock worth $77,463,000 after purchasing an additional 139,855 shares during the period. Finally, LPL Financial LLC grew its stake in shares of VictoryShares Short-Term Bond ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after purchasing an additional 96,021 shares during the period.

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.