VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Significant Decrease in Short Interest

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 22,200 shares, adropof61.5% from the July 15th total of 57,700 shares. Based on an average daily volume of 112,800 shares, the days-to-cover ratio is presently 0.2 days. Approximately0.1% of the company’s stock are sold short. Approximately0.1% of the company’s stock are sold short. Based on an average daily volume of 112,800 shares, the days-to-cover ratio is presently 0.2 days.

VictoryShares Short-Term Bond ETF Price Performance

NASDAQ USTB opened at $50.76 on Friday. The firm has a 50 day simple moving average of $50.67 and a 200-day simple moving average of $50.56. VictoryShares Short-Term Bond ETF has a one year low of $50.02 and a one year high of $50.92.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 7th. Stockholders of record on Wednesday, August 6th were paid a $0.1742 dividend. The ex-dividend date of this dividend was Wednesday, August 6th. This represents a c) annualized dividend and a dividend yield of 4.1%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameriflex Group Inc. purchased a new position in shares of VictoryShares Short-Term Bond ETF in the fourth quarter valued at approximately $40,000. Parallel Advisors LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF in the second quarter valued at approximately $202,000. Axis Wealth Partners LLC boosted its stake in shares of VictoryShares Short-Term Bond ETF by 19.8% in the first quarter. Axis Wealth Partners LLC now owns 4,895 shares of the company’s stock valued at $248,000 after purchasing an additional 810 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of VictoryShares Short-Term Bond ETF in the first quarter valued at approximately $286,000. Finally, Stratos Investment Management LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF in the first quarter valued at approximately $358,000.

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.