Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Expands By 243.5%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the recipient of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 125,145 shares, a growth of 243.5% from the July 15th total of 36,434 shares. Based on an average daily volume of 380,668 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Trading of VictoryShares Short-Term Bond ETF

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in shares of VictoryShares Short-Term Bond ETF by 24.2% during the first quarter. Royal Bank of Canada now owns 180,245 shares of the company’s stock worth $9,129,000 after buying an additional 35,065 shares in the last quarter. Jane Street Group LLC increased its holdings in 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 purchasing an additional 52,185 shares in the last quarter. Raymond James Financial Inc. increased its holdings in VictoryShares Short-Term Bond ETF by 8.9% in the 2nd quarter. Raymond James Financial Inc. now owns 391,357 shares of the company’s stock valued at $19,889,000 after purchasing an additional 32,129 shares in the last quarter. Bank of America Corp DE raised its position in VictoryShares Short-Term Bond ETF by 31.6% in the second quarter. Bank of America Corp DE now owns 1,302,472 shares of the company’s stock valued at $66,192,000 after purchasing an additional 312,543 shares during the period. Finally, IHT Wealth Management LLC raised its position in VictoryShares Short-Term Bond ETF by 5.1% in the second quarter. IHT Wealth Management LLC now owns 10,299 shares of the company’s stock valued at $523,000 after purchasing an additional 500 shares during the period.

VictoryShares Short-Term Bond ETF Price Performance

USTB stock traded up $0.05 on Thursday, reaching $50.47. The company had a trading volume of 81,464 shares, compared to its average volume of 262,893. The company’s fifty day moving average is $50.51 and its 200 day moving average is $50.66. VictoryShares Short-Term Bond ETF has a 1 year low of $50.31 and a 1 year high of $51.12.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Friday, August 7th were issued a $0.1723 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Friday, August 7th.

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.