VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Decrease in Short Interest

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 36,100 shares, a decline of 14.9% from the February 13th total of 42,400 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 134,000 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 4,092.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 226,542 shares of the company’s stock valued at $11,372,000 after purchasing an additional 221,139 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at about $40,000. Focus Partners Advisor Solutions LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at about $618,000. Waverly Advisors LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 12.4% in the fourth quarter. Waverly Advisors LLC now owns 315,536 shares of the company’s stock valued at $15,840,000 after purchasing an additional 34,835 shares in the last quarter. Finally, Quadcap Wealth Management LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 45.3% in the fourth quarter. Quadcap Wealth Management LLC now owns 100,416 shares of the company’s stock valued at $5,041,000 after purchasing an additional 31,320 shares in the last quarter.

VictoryShares Short-Term Bond ETF Stock Up 0.1 %

Shares of VictoryShares Short-Term Bond ETF stock opened at $50.48 on Wednesday. VictoryShares Short-Term Bond ETF has a 12 month low of $49.29 and a 12 month high of $50.92. The business has a fifty day simple moving average of $50.41 and a 200 day simple moving average of $50.44.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were issued a dividend of $0.193 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from VictoryShares Short-Term Bond ETF’s previous dividend of $0.19.

About VictoryShares Short-Term Bond ETF

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.