VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Short Interest Update

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a large drop in short interest in 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 trading volume, of 129,400 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of USTB. Victory Capital Management Inc. boosted its stake in VictoryShares Short-Term Bond ETF by 23.0% during the fourth quarter. Victory Capital Management Inc. now owns 5,122,240 shares of the company’s stock worth $257,136,000 after buying an additional 959,375 shares during the period. Broadway Wealth Solutions Inc. purchased a new position in VictoryShares Short-Term Bond ETF during the fourth quarter worth $19,306,000. LPL Financial LLC boosted its stake in 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 period. Raymond James Financial Inc. bought a new stake in shares of VictoryShares Short-Term Bond ETF during the fourth quarter worth $15,966,000. Finally, Bank of America Corp DE lifted its position in shares of VictoryShares Short-Term Bond ETF by 35.3% during the fourth quarter. Bank of America Corp DE now owns 900,446 shares of the company’s stock worth $45,202,000 after purchasing an additional 235,003 shares during the last quarter.

VictoryShares Short-Term Bond ETF Price Performance

USTB remained flat at $50.67 during trading on Monday. 36,594 shares of the company’s stock were exchanged, compared to its average volume of 119,268. The business’s 50-day simple moving average is $50.32 and its two-hundred day simple moving average is $50.43. VictoryShares Short-Term Bond ETF has a twelve month low of $49.29 and a twelve month high of $50.92.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, February 10th. Investors of record on Friday, February 7th were issued a $0.1892 dividend. The ex-dividend date was Friday, February 7th. This is a positive change 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.