VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase – Should You Buy?

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw strong trading volume on Tuesday . 571,100 shares traded hands during trading, an increase of 141% from the previous session’s volume of 236,620 shares.The stock last traded at $50.69 and had previously closed at $50.67.

VictoryShares Short-Term Bond ETF Stock Performance

The stock has a 50 day moving average price of $50.72 and a two-hundred day moving average price of $50.84.

VictoryShares Short-Term Bond ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 9th were issued a dividend of $0.201 per share. The ex-dividend date of this dividend was Thursday, April 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. increased its holdings in shares of VictoryShares Short-Term Bond ETF by 0.3% during the 4th quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock valued at $271,796,000 after acquiring an additional 14,801 shares during the last quarter. Merit Financial Group LLC increased its holdings in shares of VictoryShares Short-Term Bond ETF by 6.9% during 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 last quarter. Morgan Stanley increased its holdings in shares of VictoryShares Short-Term Bond ETF by 28.8% during the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock valued at $110,502,000 after acquiring an additional 486,138 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of VictoryShares Short-Term Bond ETF by 6.8% during the 3rd quarter. Bank of America Corp DE now owns 1,390,580 shares of the company’s stock valued at $70,906,000 after acquiring an additional 88,108 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of VictoryShares Short-Term Bond ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock valued at $67,867,000 after acquiring an additional 96,021 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.