Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Decreases By 76.9%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 22,200 shares, a decline of 76.9% from the October 31st total of 96,100 shares. Based on an average daily volume of 86,900 shares, the short-interest ratio is currently 0.3 days.

VictoryShares Short-Term Bond ETF Price Performance

Shares of NASDAQ USTB opened at $50.40 on Thursday. VictoryShares Short-Term Bond ETF has a 52-week low of $49.02 and a 52-week high of $50.92. The business has a 50-day moving average price of $50.48 and a 200 day moving average price of $50.25.

VictoryShares Short-Term Bond ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were issued a $0.2103 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 5.01%.

Institutional Trading of VictoryShares Short-Term Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Fortitude Family Office LLC acquired a new position in VictoryShares Short-Term Bond ETF in the third quarter valued at $91,000. Octavia Wealth Advisors LLC acquired a new stake in VictoryShares Short-Term Bond ETF during the 3rd quarter worth approximately $221,000. Burt Wealth Advisors grew its stake in shares of VictoryShares Short-Term Bond ETF by 5.3% in the 3rd quarter. Burt Wealth Advisors now owns 7,010 shares of the company’s stock valued at $356,000 after purchasing an additional 350 shares during the last quarter. Private Client Services LLC acquired a new position in shares of VictoryShares Short-Term Bond ETF in the third quarter valued at approximately $404,000. Finally, Squire Investment Management Company LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF during the third quarter worth approximately $431,000.

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.