VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Unusually-High Trading Volume – Here’s What Happened

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw an uptick in trading volume on Wednesday . Approximately 425,429 shares changed hands during trading, an increase of 81% from the previous session’s volume of 234,559 shares.The stock last traded at $50.38 and had previously closed at $50.43.

VictoryShares Short-Term Bond ETF Stock Down 0.2%

The firm’s 50-day moving average price is $50.54 and its 200-day moving average price is $50.69.

VictoryShares Short-Term Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Western Wealth Management LLC acquired a new position in VictoryShares Short-Term Bond ETF during the 1st quarter valued at about $28,000. Sunbelt Securities Inc. acquired a new stake in VictoryShares Short-Term Bond ETF in the third quarter worth approximately $30,000. JPMorgan Chase & Co. bought a new position in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at $32,000. Global Retirement Partners LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at $33,000. Finally, Aptus Capital Advisors LLC acquired a new position in VictoryShares Short-Term Bond ETF during the third quarter worth about $72,000.

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.