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

VictoryShares Short-Term Bond ETF (NASDAQ:USTBGet Free Report) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 149,435 shares, an increase of 80.9% from the May 31st total of 82,589 shares. Based on an average daily trading volume, of 172,058 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the 1st quarter valued at $28,000. Sunbelt Securities Inc. bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth $30,000. JPMorgan Chase & Co. bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth $32,000. Global Retirement Partners LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter worth $33,000. Finally, Aptus Capital Advisors LLC acquired a new stake in VictoryShares Short-Term Bond ETF in the third quarter valued at about $72,000.

VictoryShares Short-Term Bond ETF Stock Performance

Shares of USTB stock opened at $50.62 on Friday. VictoryShares Short-Term Bond ETF has a 12-month low of $50.40 and a 12-month high of $51.12. The firm has a 50 day moving average price of $50.58 and a two-hundred day moving average price of $50.73.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were given a dividend of $0.182 per share. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 4.3%.

About VictoryShares Short-Term Bond ETF

(Get Free Report)

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.

Further Reading

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