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 large growth in short interest in January. As of January 15th, there was short interest totaling 69,430 shares, a growth of 42.8% from the December 31st total of 48,623 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 341,470 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 341,470 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in USTB. Cornerstone Planning Group LLC increased its holdings in VictoryShares Short-Term Bond ETF by 58,494.3% in the 4th quarter. Cornerstone Planning Group LLC now owns 246,096 shares of the company’s stock valued at $12,531,000 after purchasing an additional 245,676 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of VictoryShares Short-Term Bond ETF by 24.4% in the fourth quarter. Fifth Third Bancorp now owns 3,830 shares of the company’s stock valued at $195,000 after buying an additional 750 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of VictoryShares Short-Term Bond ETF by 1.2% in the fourth quarter. Oppenheimer & Co. Inc. now owns 44,492 shares of the company’s stock valued at $2,262,000 after buying an additional 537 shares in the last quarter. Sigma Planning Corp raised its holdings in shares of VictoryShares Short-Term Bond ETF by 4.0% during the 4th quarter. Sigma Planning Corp now owns 23,130 shares of the company’s stock valued at $1,176,000 after buying an additional 895 shares during the period. Finally, Axis Wealth Partners LLC lifted its position in VictoryShares Short-Term Bond ETF by 300.5% during the 4th quarter. Axis Wealth Partners LLC now owns 20,943 shares of the company’s stock worth $1,065,000 after acquiring an additional 15,714 shares in the last quarter.

VictoryShares Short-Term Bond ETF Price Performance

USTB opened at $50.98 on Tuesday. The firm has a 50 day moving average price of $50.88 and a 200 day moving average price of $50.88. VictoryShares Short-Term Bond ETF has a 1 year low of $50.10 and a 1 year high of $51.12.

VictoryShares Short-Term Bond ETF Cuts Dividend

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

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.