VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Unusually-High Trading Volume – Should You Buy?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw strong trading volume on Thursday . 1,269,227 shares traded hands during trading, an increase of 348% from the previous session’s volume of 283,082 shares.The stock last traded at $49.9250 and had previously closed at $49.97.

VictoryShares Short-Term Bond ETF Price Performance

The company’s 50-day moving average price is $50.38 and its 200-day moving average price is $50.52.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, September 9th were issued a $0.1834 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Wednesday, September 9th. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF in the first quarter worth about $28,000. SHP Wealth Management acquired a new stake in VictoryShares Short-Term Bond ETF in the 4th quarter valued at about $100,000. RFG Advisory LLC acquired a new stake in VictoryShares Short-Term Bond ETF in the 1st quarter valued at about $218,000. Miller Financial Services LLC purchased a new position in VictoryShares Short-Term Bond ETF in the 4th quarter worth approximately $345,000. Finally, Financial Guidance Group Inc. lifted its stake in VictoryShares Short-Term Bond ETF by 17.2% in the 1st quarter. Financial Guidance Group Inc. now owns 7,772 shares of the company’s stock worth $393,000 after purchasing an additional 1,143 shares in the last quarter.

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.