VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase – Here’s What Happened

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw an uptick in trading volume on Wednesday . Approximately 981,433 shares were traded during trading, an increase of 278% from the previous session’s volume of 259,490 shares.The stock last traded at $50.56 and had previously closed at $50.56.

VictoryShares Short-Term Bond ETF Price Performance

The business’s fifty day moving average is $50.53 and its two-hundred day moving average is $50.67.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were issued a $0.2031 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Thursday, July 9th. This is a positive change 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 USTB. Royal Bank of Canada grew its stake in shares of VictoryShares Short-Term Bond ETF by 24.2% in the first quarter. Royal Bank of Canada now owns 180,245 shares of the company’s stock worth $9,129,000 after acquiring an additional 35,065 shares during the period. Jane Street Group LLC lifted its position in VictoryShares Short-Term Bond ETF by 261.8% during the first quarter. Jane Street Group LLC now owns 72,121 shares of the company’s stock valued at $3,653,000 after purchasing an additional 52,185 shares during the period. Raymond James Financial Inc. lifted its position in VictoryShares Short-Term Bond ETF by 8.9% during the second quarter. Raymond James Financial Inc. now owns 391,357 shares of the company’s stock valued at $19,889,000 after purchasing an additional 32,129 shares during the period. Bank of America Corp DE boosted its holdings in VictoryShares Short-Term Bond ETF by 31.6% in the second quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock worth $66,192,000 after purchasing an additional 312,543 shares during the last quarter. Finally, IHT Wealth Management LLC boosted its holdings in VictoryShares Short-Term Bond ETF by 5.1% in the second quarter. IHT Wealth Management LLC now owns 10,299 shares of the company’s stock worth $523,000 after purchasing an additional 500 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.