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

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 268,400 shares, an increase of 643.5% from the February 28th total of 36,100 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average trading volume of 128,000 shares, the days-to-cover ratio is presently 2.1 days.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF in the 4th quarter valued at approximately $294,000. Fifth Third Bancorp purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the fourth quarter worth approximately $155,000. Stifel Financial Corp increased its holdings in VictoryShares Short-Term Bond ETF by 8.9% in the third quarter. Stifel Financial Corp now owns 51,451 shares of the company’s stock valued at $2,614,000 after buying an additional 4,192 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in VictoryShares Short-Term Bond ETF by 1.1% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,845 shares of the company’s stock worth $1,872,000 after purchasing an additional 401 shares during the period. Finally, Atria Wealth Solutions Inc. increased its stake in VictoryShares Short-Term Bond ETF by 8.6% in the fourth quarter. Atria Wealth Solutions Inc. now owns 51,099 shares of the company’s stock valued at $2,565,000 after purchasing an additional 4,066 shares during the period.

VictoryShares Short-Term Bond ETF Stock Performance

Shares of USTB stock traded down $0.01 during mid-day trading on Wednesday, hitting $50.53. 81,471 shares of the stock traded hands, compared to its average volume of 94,460. The stock’s fifty day moving average is $50.45 and its two-hundred day moving average is $50.43. VictoryShares Short-Term Bond ETF has a 52-week low of $49.29 and a 52-week high of $50.92.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, March 11th. Shareholders of record on Monday, March 10th were issued a $0.193 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is an increase from VictoryShares Short-Term Bond ETF’s previous dividend of $0.19.

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.