VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Growth in Short Interest

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a large increase in short interest in March. As of March 13th, there was short interest totaling 106,753 shares, an increase of 368.1% from the February 26th total of 22,805 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average trading volume of 235,671 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 235,671 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the stock are short sold.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

A number of large investors have recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of VictoryShares Short-Term Bond ETF by 0.3% in the 4th quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock valued at $271,796,000 after acquiring an additional 14,801 shares in the last quarter. Merit Financial Group LLC raised its stake in VictoryShares Short-Term Bond ETF by 6.9% during the 4th quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock valued at $132,118,000 after purchasing an additional 167,898 shares during the period. Morgan Stanley raised its stake in VictoryShares Short-Term Bond ETF by 28.8% during the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock valued at $110,502,000 after purchasing an additional 486,138 shares during the period. Bank of America Corp DE lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 6.8% in the third quarter. Bank of America Corp DE now owns 1,390,580 shares of the company’s stock valued at $70,906,000 after purchasing an additional 88,108 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 7.8% in the fourth quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock valued at $67,867,000 after purchasing an additional 96,021 shares in the last quarter.

VictoryShares Short-Term Bond ETF Stock Down 0.1%

Shares of VictoryShares Short-Term Bond ETF stock opened at $50.56 on Wednesday. VictoryShares Short-Term Bond ETF has a 12-month low of $50.10 and a 12-month high of $51.12. The stock’s fifty day moving average is $50.90 and its 200-day moving average is $50.91.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Tuesday, March 10th were issued a $0.1896 dividend. The ex-dividend date was Tuesday, March 10th. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a dividend yield of 4.5%.

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.