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 growth in short interest in December. As of December 31st, there was short interest totaling 48,623 shares, a growth of 28.3% from the December 15th total of 37,885 shares. Based on an average daily volume of 126,122 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 126,122 shares, the short-interest ratio is currently 0.4 days.

VictoryShares Short-Term Bond ETF Stock Performance

Shares of USTB opened at $50.84 on Monday. VictoryShares Short-Term Bond ETF has a fifty-two week low of $50.10 and a fifty-two week high of $51.12. The firm has a 50 day moving average price of $50.86 and a 200-day moving average price of $50.86.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 9th. Stockholders of record on Thursday, January 8th were paid a $0.0341 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, January 8th.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

A number of large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its position in shares of VictoryShares Short-Term Bond ETF by 12.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 224,882 shares of the company’s stock worth $11,467,000 after purchasing an additional 25,602 shares during the period. Parallel Advisors LLC bought a new stake in VictoryShares Short-Term Bond ETF during the 2nd quarter valued at approximately $202,000. Adapt Wealth Advisors LLC grew its holdings in shares of VictoryShares Short-Term Bond ETF by 6.3% during the 2nd quarter. Adapt Wealth Advisors LLC now owns 168,943 shares of the company’s stock worth $8,586,000 after acquiring an additional 9,978 shares during the period. Janney Montgomery Scott LLC raised its position in shares of VictoryShares Short-Term Bond ETF by 86.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 20,193 shares of the company’s stock worth $1,026,000 after acquiring an additional 9,364 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of VictoryShares Short-Term Bond ETF by 17.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 48,449 shares of the company’s stock valued at $2,462,000 after purchasing an additional 7,223 shares during the period.

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.