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

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 22,805 shares, a decrease of 32.5% from the February 12th total of 33,777 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 150,837 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 150,837 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. raised its position in VictoryShares Short-Term Bond ETF by 0.3% during the fourth quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock valued at $271,796,000 after purchasing an additional 14,801 shares during the period. Merit Financial Group LLC increased 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 valued at $132,118,000 after purchasing an additional 167,898 shares during the last quarter. Morgan Stanley increased 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 valued at $110,502,000 after purchasing an additional 486,138 shares during the last quarter. Bank of America Corp DE raised its holdings in VictoryShares Short-Term Bond ETF by 6.8% during the 3rd quarter. Bank of America Corp DE now owns 1,390,580 shares of the company’s stock valued at $70,906,000 after buying an additional 88,108 shares during the period. Finally, LPL Financial LLC raised its holdings in 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 valued at $67,867,000 after buying an additional 96,021 shares during the period.

VictoryShares Short-Term Bond ETF Trading Up 0.0%

USTB traded up $0.01 during trading hours on Friday, hitting $50.66. The company’s stock had a trading volume of 112,591 shares, compared to its average volume of 239,676. The business’s 50-day moving average price is $50.94 and its 200-day moving average price is $50.93. VictoryShares Short-Term Bond ETF has a 12 month low of $50.10 and a 12 month high of $51.12.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, March 11th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.1896 per share. The ex-dividend date was Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 4.5%. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

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.