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

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totalling 78,700 shares, an increase of 150.6% from the August 31st total of 31,400 shares. Based on an average daily trading volume, of 75,100 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in USTB. Smith Thornton Advisors LLC bought a new position in VictoryShares Short-Term Bond ETF in the second quarter valued at approximately $3,706,000. Daymark Wealth Partners LLC grew its stake in shares of VictoryShares Short-Term Bond ETF by 2.2% in the second quarter. Daymark Wealth Partners LLC now owns 14,432 shares of the company’s stock valued at $719,000 after buying an additional 305 shares in the last quarter. Certified Advisory Corp grew its stake in shares of VictoryShares Short-Term Bond ETF by 36.8% in the second quarter. Certified Advisory Corp now owns 22,321 shares of the company’s stock valued at $1,112,000 after buying an additional 6,000 shares in the last quarter. Private Advisor Group LLC increased its holdings in VictoryShares Short-Term Bond ETF by 7.5% during the second quarter. Private Advisor Group LLC now owns 39,020 shares of the company’s stock worth $1,943,000 after buying an additional 2,707 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in VictoryShares Short-Term Bond ETF by 1.4% during the second quarter. Victory Capital Management Inc. now owns 4,292,597 shares of the company’s stock worth $213,771,000 after acquiring an additional 60,752 shares in the last quarter.

VictoryShares Short-Term Bond ETF Price Performance

Shares of VictoryShares Short-Term Bond ETF stock opened at $50.87 on Friday. VictoryShares Short-Term Bond ETF has a 52-week low of $48.37 and a 52-week high of $50.91. The business’s 50 day simple moving average is $50.51 and its 200 day simple moving average is $49.99.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, September 12th. Shareholders of record on Wednesday, September 11th were paid a $0.2377 dividend. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.21. This represents a $2.85 annualized dividend and a yield of 5.61%. The ex-dividend date was Wednesday, September 11th.

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.