Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Grows By 80.9%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 149,435 shares, an increase of 80.9% from the May 31st total of 82,589 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 172,058 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of USTB. Victory Capital Management Inc. grew its holdings in VictoryShares Short-Term Bond ETF by 0.3% during the 4th quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock worth $271,796,000 after acquiring an additional 14,801 shares during the period. Merit Financial Group LLC lifted its stake in shares of VictoryShares Short-Term Bond ETF by 6.9% in 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 lifted its stake in shares of VictoryShares Short-Term Bond ETF by 28.8% in 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 boosted its position in shares of VictoryShares Short-Term Bond ETF by 10.0% during the 1st quarter. Bank of America Corp DE now owns 1,531,498 shares of the company’s stock valued at $77,463,000 after purchasing an additional 139,855 shares in the last quarter. Finally, LPL Financial LLC grew its stake in VictoryShares Short-Term Bond ETF by 7.8% during the fourth quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after purchasing an additional 96,021 shares during the period.

VictoryShares Short-Term Bond ETF Price Performance

NASDAQ:USTB opened at $50.62 on Friday. VictoryShares Short-Term Bond ETF has a fifty-two week low of $50.40 and a fifty-two week high of $51.12. The company has a 50 day simple moving average of $50.58 and a two-hundred day simple moving average of $50.73.

VictoryShares Short-Term Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were paid a dividend of $0.182 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, June 9th.

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.