Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Drops By 78.2%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 36,434 shares, a decrease of 78.2% from the June 30th total of 166,982 shares. Based on an average daily trading volume, of 237,904 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

VictoryShares Short-Term Bond ETF Trading Up 0.0%

USTB stock opened at $50.39 on Friday. The firm has a 50 day moving average of $50.54 and a 200-day moving average of $50.70. VictoryShares Short-Term Bond ETF has a 12-month low of $50.34 and a 12-month high of $51.12.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a $0.2031 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend was Thursday, July 9th. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new stake in VictoryShares Short-Term Bond ETF during the first quarter worth $28,000. Sunbelt Securities Inc. acquired a new position in shares of VictoryShares Short-Term Bond ETF during the 3rd quarter worth $30,000. JPMorgan Chase & Co. purchased a new stake in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter worth about $32,000. Global Retirement Partners LLC acquired a new stake in VictoryShares Short-Term Bond ETF in the 4th quarter valued at about $33,000. Finally, Aptus Capital Advisors LLC acquired a new stake in VictoryShares Short-Term Bond ETF in the 3rd quarter valued at about $72,000.

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.