VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase – Here’s What Happened

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw strong trading volume on Monday . 942,188 shares were traded during trading, an increase of 296% from the previous session’s volume of 238,176 shares.The stock last traded at $50.56 and had previously closed at $50.53.

VictoryShares Short-Term Bond ETF Price Performance

The stock’s 50-day moving average price is $50.88 and its 200-day moving average price is $50.90.

VictoryShares Short-Term Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Tuesday, March 10th were paid a $0.1896 dividend. The ex-dividend date was Tuesday, March 10th. This is an increase from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Trading of VictoryShares Short-Term Bond ETF

A number of large investors have recently modified their holdings of USTB. Royal Bank of Canada grew its position 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 worth $9,129,000 after purchasing an additional 35,065 shares during the last quarter. Jane Street Group LLC boosted its position in shares of VictoryShares Short-Term Bond ETF by 261.8% during the first quarter. Jane Street Group LLC now owns 72,121 shares of the company’s stock worth $3,653,000 after buying an additional 52,185 shares during the period. Quadrature Capital Ltd acquired a new position in shares of VictoryShares Short-Term Bond ETF during the second quarter worth approximately $569,000. StoneX Group Inc. grew its holdings in VictoryShares Short-Term Bond ETF by 58.3% in the 2nd quarter. StoneX Group Inc. now owns 9,124 shares of the company’s stock worth $464,000 after buying an additional 3,362 shares in the last quarter. Finally, Raymond James Financial Inc. grew 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 worth $19,889,000 after buying an additional 32,129 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.