VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Drop in Short Interest

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 40,600 shares, a decrease of 84.9% from the March 15th total of 268,400 shares. Based on an average daily volume of 137,600 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the company’s stock are short sold.

VictoryShares Short-Term Bond ETF Price Performance

USTB opened at $50.34 on Tuesday. The business’s 50-day moving average price is $50.51 and its two-hundred day moving average price is $50.41. VictoryShares Short-Term Bond ETF has a 1 year low of $49.29 and a 1 year high of $50.92.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, April 11th. Shareholders of record on Thursday, April 10th were paid a $0.2094 dividend. This represents a $2.51 annualized dividend and a yield of 4.99%. The ex-dividend date of this dividend was Thursday, April 10th.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Large investors have recently bought and sold shares of the company. Ameriflex Group Inc. bought a new stake in shares of VictoryShares Short-Term Bond ETF in the fourth quarter worth $40,000. Fifth Third Bancorp bought a new stake in VictoryShares Short-Term Bond ETF during the 4th quarter worth about $155,000. Axis Wealth Partners LLC acquired a new position in shares of VictoryShares Short-Term Bond ETF during the 4th quarter worth about $205,000. Avantax Advisory Services Inc. grew its holdings in shares of VictoryShares Short-Term Bond ETF by 11.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,773 shares of the company’s stock valued at $240,000 after acquiring an additional 492 shares in the last quarter. Finally, Janney Montgomery Scott LLC acquired a new stake in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at about $294,000.

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.