VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Short Interest Up 243.5% in July

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 125,145 shares, an increase of 243.5% from the July 15th total of 36,434 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 380,668 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

A number of large investors have recently added to or reduced their stakes in USTB. Morgan Stanley lifted its holdings in VictoryShares Short-Term Bond ETF by 28.8% in the fourth quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after acquiring an additional 486,138 shares during the last quarter. Bank of America Corp DE raised its position in shares of VictoryShares Short-Term Bond ETF by 31.6% during the 2nd quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock worth $66,192,000 after purchasing an additional 312,543 shares during the period. Cornerstone Planning Group LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 58,494.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 246,096 shares of the company’s stock worth $12,531,000 after purchasing an additional 245,676 shares during the last quarter. BlueStem Wealth Partners LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF in the 4th quarter worth approximately $10,651,000. Finally, Janney Montgomery Scott LLC boosted its position in VictoryShares Short-Term Bond ETF by 378.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 263,995 shares of the company’s stock valued at $13,353,000 after purchasing an additional 208,804 shares during the period.

VictoryShares Short-Term Bond ETF Stock Up 0.1%

NASDAQ USTB traded up $0.05 on Thursday, reaching $50.47. The company had a trading volume of 81,464 shares, compared to its average volume of 262,893. VictoryShares Short-Term Bond ETF has a 1 year low of $50.31 and a 1 year high of $51.12. The firm has a 50-day moving average of $50.51 and a 200-day moving average of $50.66.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were given a dividend of $0.1723 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 7th.

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.