VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Unusually-High Trading Volume – Should You Buy?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw unusually-strong trading volume on Thursday . Approximately 408,660 shares changed hands during mid-day trading, an increase of 113% from the previous session’s volume of 192,181 shares.The stock last traded at $50.8850 and had previously closed at $50.90.

VictoryShares Short-Term Bond ETF Stock Performance

The firm’s 50-day simple moving average is $50.86 and its two-hundred day simple moving average is $50.86.

VictoryShares Short-Term Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

A number of large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 24.2% in the 1st quarter. Royal Bank of Canada now owns 180,245 shares of the company’s stock valued at $9,129,000 after acquiring an additional 35,065 shares during the last quarter. Jane Street Group LLC lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 261.8% in the 1st quarter. Jane Street Group LLC now owns 72,121 shares of the company’s stock valued at $3,653,000 after buying an additional 52,185 shares during the period. Parallel Advisors LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF in the second quarter worth about $202,000. Wealth Enhancement Advisory Services LLC grew its holdings in VictoryShares Short-Term Bond ETF by 75.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 504,794 shares of the company’s stock worth $25,613,000 after acquiring an additional 216,521 shares during the period. Finally, Masso Torrence Wealth Management Inc. lifted its holdings in VictoryShares Short-Term Bond ETF by 8.1% in the second quarter. Masso Torrence Wealth Management Inc. now owns 131,406 shares of the company’s stock valued at $6,678,000 after acquiring an additional 9,890 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.