VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Short Interest Down 76.9% in November

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a significant decline in short interest in November. As of November 15th, there was short interest totalling 22,200 shares, a decline of 76.9% from the October 31st total of 96,100 shares. Based on an average daily volume of 86,900 shares, the short-interest ratio is currently 0.3 days.

VictoryShares Short-Term Bond ETF Stock Up 0.1 %

Shares of USTB traded up $0.03 during mid-day trading on Friday, hitting $50.43. 29,397 shares of the company were exchanged, compared to its average volume of 71,871. VictoryShares Short-Term Bond ETF has a 1-year low of $49.10 and a 1-year high of $50.92. The company has a 50 day moving average of $50.47 and a 200-day moving average of $50.25.

VictoryShares Short-Term Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were paid a $0.2103 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Thursday, November 7th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 11.3% during the 2nd quarter. Ameritas Advisory Services LLC now owns 31,058 shares of the company’s stock worth $1,547,000 after purchasing an additional 3,146 shares during the last quarter. Private Advisor Group LLC grew its holdings in VictoryShares Short-Term Bond ETF by 7.5% in the 2nd quarter. Private Advisor Group LLC now owns 39,020 shares of the company’s stock valued at $1,943,000 after buying an additional 2,707 shares in the last quarter. Concourse Financial Group Securities Inc. increased its stake in shares of VictoryShares Short-Term Bond ETF by 9.7% in the 2nd quarter. Concourse Financial Group Securities Inc. now owns 20,565 shares of the company’s stock worth $1,024,000 after acquiring an additional 1,820 shares during the last quarter. Redhawk Wealth Advisors Inc. raised its holdings in shares of VictoryShares Short-Term Bond ETF by 1.5% during the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 160,406 shares of the company’s stock worth $8,150,000 after acquiring an additional 2,346 shares during the period. Finally, Cambridge Investment Research Advisors Inc. boosted its position in shares of VictoryShares Short-Term Bond ETF by 20.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 38,318 shares of the company’s stock valued at $1,908,000 after acquiring an additional 6,477 shares during the last quarter.

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.