VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Short Interest Up 115.1% in May

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 106,575 shares, a growth of 115.1% from the April 30th total of 49,550 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 285,545 shares, the short-interest ratio is presently 0.4 days.

VictoryShares Short-Term Bond ETF Price Performance

NASDAQ USTB traded up $0.04 during midday trading on Friday, hitting $50.66. The company had a trading volume of 246,704 shares, compared to its average volume of 247,127. The firm has a 50-day moving average price of $50.59 and a 200-day moving average price of $50.79. VictoryShares Short-Term Bond ETF has a twelve month low of $50.40 and a twelve month high of $51.12.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, May 11th. Shareholders of record on Friday, May 8th were issued a $0.1836 dividend. The ex-dividend date of this dividend was Friday, May 8th. This represents a c) annualized dividend and a yield of 4.3%.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USTB. Royal Bank of Canada raised its holdings in 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 in the last quarter. Jane Street Group LLC raised 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 acquiring an additional 52,185 shares in the last quarter. Raymond James Financial Inc. raised 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 acquiring an additional 32,129 shares in the last quarter. Bank of America Corp DE increased its stake in shares of VictoryShares Short-Term Bond ETF by 31.6% in the 2nd 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 last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of VictoryShares Short-Term Bond ETF by 5.1% in the 2nd 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 last quarter.

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.