Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Drops By 14.9%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 36,100 shares, a decrease of 14.9% from the February 13th total of 42,400 shares. Based on an average daily trading volume, of 134,000 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Trading of VictoryShares Short-Term Bond ETF

A number of institutional investors have recently modified their holdings of USTB. Victory Capital Management Inc. lifted its position in shares of VictoryShares Short-Term Bond ETF by 23.0% during the 4th quarter. Victory Capital Management Inc. now owns 5,122,240 shares of the company’s stock valued at $257,136,000 after acquiring an additional 959,375 shares during the period. Broadway Wealth Solutions Inc. bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter valued at $19,306,000. LPL Financial LLC lifted its position in shares of VictoryShares Short-Term Bond ETF by 97.8% during the 4th quarter. LPL Financial LLC now owns 716,137 shares of the company’s stock valued at $35,950,000 after acquiring an additional 354,102 shares during the period. Raymond James Financial Inc. bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter valued at $15,966,000. Finally, Northeast Planning Associates INC. NH bought a new stake in shares of VictoryShares Short-Term Bond ETF during the 4th quarter valued at $12,150,000.

VictoryShares Short-Term Bond ETF Stock Up 0.1 %

Shares of NASDAQ USTB opened at $50.53 on Thursday. The stock’s fifty day moving average price is $50.42 and its two-hundred day moving average price is $50.44. VictoryShares Short-Term Bond ETF has a one year low of $49.29 and a one year high of $50.92.

VictoryShares Short-Term Bond ETF Increases Dividend

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

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.