VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Strong Trading Volume Following Dividend Announcement

Posted by Faye Duncan on Sep 13th, 2024

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Get Free Report) saw unusually-high trading volume on Wednesday following a dividend announcement from the company. Approximately 189,444 shares traded hands during trading, an increase of 183% from the previous session’s volume of 66,867 shares.The stock last traded at $50.65 and had previously closed at $50.91.

The newly announced dividend which will be paid on Thursday, September 12th. Stockholders of record on Wednesday, September 11th were issued a dividend of $0.2377 per share. This represents a $2.85 annualized dividend and a dividend yield of 5.62%. This is a boost from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.21. The ex-dividend date was Wednesday, September 11th.

VictoryShares Short-Term Bond ETF Trading Up 0.2 %

The stock’s 50-day moving average is $50.36 and its two-hundred day moving average is $49.92.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several institutional investors have recently made changes to their positions in the business. ERn Financial LLC purchased a new stake in VictoryShares Short-Term Bond ETF during the second quarter valued at approximately $14,126,000. Waverly Advisors LLC bought a new position in VictoryShares Short-Term Bond ETF in the 1st quarter worth $11,970,000. Prairieview Wealth Partners LLC purchased a new position in VictoryShares Short-Term Bond ETF during the first quarter valued at $10,623,000. Commonwealth Equity Services LLC purchased a new position in VictoryShares Short-Term Bond ETF during the first quarter valued at $4,216,000. Finally, Smith Thornton Advisors LLC bought a new stake in VictoryShares Short-Term Bond ETF during the second quarter valued at about $3,706,000.

VictoryShares Short-Term Bond ETF Company Profile

(Get Free Report)

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.