Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Decreases By 14.9%

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 36,100 shares, a drop of 14.9% from the February 13th total of 42,400 shares. Based on an average trading volume of 134,000 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

VictoryShares Short-Term Bond ETF Price Performance

VictoryShares Short-Term Bond ETF stock opened at $50.55 on Friday. The company’s 50 day simple moving average is $50.43 and its 200 day simple moving average is $50.44. VictoryShares Short-Term Bond ETF has a fifty-two week low of $49.29 and a fifty-two week high of $50.92.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, March 11th. Investors of record on Monday, March 10th were paid a dividend of $0.193 per share. This is a positive change from VictoryShares Short-Term Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Monday, March 10th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northeast Planning Associates INC. NH acquired a new stake in VictoryShares Short-Term Bond ETF during the 4th quarter worth approximately $12,150,000. Wealth Enhancement Advisory Services LLC raised its holdings in VictoryShares Short-Term Bond ETF by 4,092.9% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 226,542 shares of the company’s stock worth $11,372,000 after buying an additional 221,139 shares during the period. Ameriflex Group Inc. acquired a new stake in VictoryShares Short-Term Bond ETF during the 4th quarter worth approximately $40,000. Focus Partners Advisor Solutions LLC acquired a new stake in VictoryShares Short-Term Bond ETF during the 4th quarter worth approximately $618,000. Finally, Waverly Advisors LLC raised its holdings in VictoryShares Short-Term Bond ETF by 12.4% during the 4th quarter. Waverly Advisors LLC now owns 315,536 shares of the company’s stock worth $15,840,000 after buying an additional 34,835 shares during the period.

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.