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

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw unusually-high trading volume on Wednesday following a dividend announcement from the company. Approximately 219,233 shares were traded during trading, an increase of 184% from the previous session’s volume of 77,084 shares.The stock last traded at $50.58 and had previously closed at $50.57.

The newly announced dividend which will be paid on Friday, December 13th. Stockholders of record on Thursday, December 12th will be issued a $0.3598 dividend. The ex-dividend date is Thursday, December 12th.

VictoryShares Short-Term Bond ETF Stock Down 0.1 %

The firm has a fifty day moving average price of $50.41 and a two-hundred day moving average price of $50.31.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Fortitude Family Office LLC bought a new stake in VictoryShares Short-Term Bond ETF during the 3rd quarter valued at $91,000. Octavia Wealth Advisors LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter worth $221,000. Burt Wealth Advisors raised its position in shares of VictoryShares Short-Term Bond ETF by 5.3% in the 3rd quarter. Burt Wealth Advisors now owns 7,010 shares of the company’s stock worth $356,000 after acquiring an additional 350 shares in the last quarter. Private Client Services LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter worth $404,000. Finally, Squire Investment Management Company LLC bought a new position in shares of VictoryShares Short-Term Bond ETF in the 3rd quarter worth $431,000.

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.