Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Declines By 51.3%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 42,400 shares, a drop of 51.3% from the January 31st total of 87,100 shares. Based on an average daily volume of 129,400 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. grew its holdings in shares of VictoryShares Short-Term Bond ETF by 23.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,122,240 shares of the company’s stock valued at $257,136,000 after purchasing an additional 959,375 shares during the last quarter. Bank of America Corp DE boosted its position in VictoryShares Short-Term Bond ETF by 35.3% in the fourth quarter. Bank of America Corp DE now owns 900,446 shares of the company’s stock valued at $45,202,000 after buying an additional 235,003 shares in the last quarter. LPL Financial LLC grew its stake in shares of VictoryShares Short-Term Bond ETF by 97.8% during the fourth quarter. LPL Financial LLC now owns 716,137 shares of the company’s stock worth $35,950,000 after buying an additional 354,102 shares during the last quarter. Broadway Wealth Solutions Inc. acquired a new position in shares of VictoryShares Short-Term Bond ETF during the fourth quarter worth $19,306,000. Finally, Raymond James Financial Inc. acquired a new position in shares of VictoryShares Short-Term Bond ETF during the fourth quarter worth $15,966,000.

VictoryShares Short-Term Bond ETF Price Performance

VictoryShares Short-Term Bond ETF stock opened at $50.67 on Friday. VictoryShares Short-Term Bond ETF has a 52 week low of $49.29 and a 52 week high of $50.92. The stock has a fifty day moving average of $50.32 and a 200-day moving average of $50.43.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, February 7th were given a $0.1892 dividend. The ex-dividend date of this dividend was Friday, February 7th. This is a boost from VictoryShares Short-Term Bond ETF’s previous dividend of $0.04.

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.