Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Decreases By 14.5%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 34,700 shares, a decline of 14.5% from the March 31st total of 40,600 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 154,800 shares, the short-interest ratio is currently 0.2 days.

VictoryShares Short-Term Bond ETF Stock Performance

Shares of NASDAQ USTB opened at $50.54 on Monday. The stock’s 50 day moving average price is $50.53 and its 200-day moving average price is $50.40. VictoryShares Short-Term Bond ETF has a twelve month low of $49.43 and a twelve month high of $50.92.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 11th. Investors of record on Thursday, April 10th were issued a $0.2094 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.51 dividend on an annualized basis and a dividend yield of 4.97%.

Institutional Trading of VictoryShares Short-Term Bond ETF

Several hedge funds have recently made changes to their positions in USTB. Kingsview Wealth Management LLC grew its stake in VictoryShares Short-Term Bond ETF by 31.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 57,738 shares of the company’s stock valued at $2,924,000 after buying an additional 13,852 shares in the last quarter. Victory Capital Management Inc. grew its position in shares of VictoryShares Short-Term Bond ETF by 3.7% in the first quarter. Victory Capital Management Inc. now owns 5,311,308 shares of the company’s stock valued at $269,018,000 after purchasing an additional 189,068 shares in the last quarter. Sigma Planning Corp raised its stake in shares of VictoryShares Short-Term Bond ETF by 2.1% during the 1st quarter. Sigma Planning Corp now owns 20,518 shares of the company’s stock valued at $1,039,000 after purchasing an additional 430 shares during the period. Smith Thornton Advisors LLC lifted its holdings in VictoryShares Short-Term Bond ETF by 84.5% during the 1st quarter. Smith Thornton Advisors LLC now owns 140,450 shares of the company’s stock worth $7,114,000 after purchasing an additional 64,311 shares in the last quarter. Finally, Adapt Wealth Advisors LLC boosted its stake in VictoryShares Short-Term Bond ETF by 9.4% in the 1st quarter. Adapt Wealth Advisors LLC now owns 158,965 shares of the company’s stock worth $8,052,000 after purchasing an additional 13,643 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.