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

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

VictoryShares Short-Term Bond ETF Trading Up 0.1 %

VictoryShares Short-Term Bond ETF stock 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 firm’s 50-day simple moving average is $50.48 and its 200 day simple moving average is $50.25.

VictoryShares Short-Term Bond ETF Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Atria Investments Inc grew its holdings in VictoryShares Short-Term Bond ETF by 5.0% during the 1st quarter. Atria Investments Inc now owns 251,579 shares of the company’s stock valued at $12,536,000 after buying an additional 11,972 shares during the last quarter. Cetera Investment Advisers purchased a new position in VictoryShares Short-Term Bond ETF in the 1st quarter valued at about $1,910,000. Cetera Advisors LLC boosted its stake in shares of VictoryShares Short-Term Bond ETF by 357.1% during the 1st quarter. Cetera Advisors LLC now owns 37,725 shares of the company’s stock worth $1,880,000 after purchasing an additional 29,472 shares during the last quarter. Prairieview Wealth Partners LLC boosted its stake in shares of VictoryShares Short-Term Bond ETF by 2.1% during the 2nd quarter. Prairieview Wealth Partners LLC now owns 217,677 shares of the company’s stock worth $10,840,000 after purchasing an additional 4,494 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. grew its holdings in shares of VictoryShares Short-Term Bond ETF by 84.3% during the second quarter. Redhawk Wealth Advisors Inc. now owns 158,060 shares of the company’s stock worth $7,871,000 after buying an additional 72,309 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.