Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Decreases By 78.2%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 36,434 shares, a drop of 78.2% from the June 30th total of 166,982 shares. Based on an average daily volume of 237,904 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

VictoryShares Short-Term Bond ETF Price Performance

USTB traded up $0.02 during mid-day trading on Friday, reaching $50.39. 132,600 shares of the stock were exchanged, compared to its average volume of 232,439. VictoryShares Short-Term Bond ETF has a 1 year low of $50.34 and a 1 year high of $51.12. The company has a 50 day moving average price of $50.54 and a two-hundred day moving average price of $50.70.

VictoryShares Short-Term Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, July 10th. Investors of record on Thursday, July 9th were paid a dividend of $0.2031 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Thursday, July 9th. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18.

Institutional Trading of VictoryShares Short-Term Bond ETF

Institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC purchased a new position in VictoryShares Short-Term Bond ETF during the fourth quarter valued at approximately $7,580,000. ERn Financial LLC increased its holdings in shares of VictoryShares Short-Term Bond ETF by 4.7% in the 4th quarter. ERn Financial LLC now owns 315,306 shares of the company’s stock valued at $16,030,000 after acquiring an additional 14,292 shares during the period. Merit Financial Group LLC increased its holdings 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 acquiring an additional 167,898 shares during the period. HORAN Wealth LLC raised its position in shares of VictoryShares Short-Term Bond ETF by 19.8% in the 1st quarter. HORAN Wealth LLC now owns 262,376 shares of the company’s stock worth $13,274,000 after acquiring an additional 43,338 shares in the last quarter. Finally, Certified Advisory Corp raised its position in shares of VictoryShares Short-Term Bond ETF by 10.5% in the 1st quarter. Certified Advisory Corp now owns 231,971 shares of the company’s stock worth $11,733,000 after acquiring an additional 22,076 shares in 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.