VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Significant Drop in Short Interest

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 35,700 shares, a decline of 31.9% from the December 15th total of 52,400 shares. Based on an average daily trading volume, of 108,900 shares, the days-to-cover ratio is currently 0.3 days.

VictoryShares Short-Term Bond ETF Stock Down 0.0 %

Shares of NASDAQ:USTB traded down $0.02 during midday trading on Thursday, hitting $50.20. The company had a trading volume of 5,959 shares, compared to its average volume of 78,290. VictoryShares Short-Term Bond ETF has a 12 month low of $49.29 and a 12 month high of $50.92. The firm has a fifty day simple moving average of $50.26 and a 200 day simple moving average of $50.37.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 9th. Stockholders of record on Wednesday, January 8th were given a dividend of $0.0439 per share. The ex-dividend date of this dividend was Wednesday, January 8th.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds have recently bought and sold shares of the company. Stifel Financial Corp lifted its holdings in shares of VictoryShares Short-Term Bond ETF by 8.9% in the third quarter. Stifel Financial Corp now owns 51,451 shares of the company’s stock valued at $2,614,000 after purchasing an additional 4,192 shares in the last quarter. Orion Portfolio Solutions LLC increased its stake in VictoryShares Short-Term Bond ETF by 1.1% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,845 shares of the company’s stock valued at $1,872,000 after buying an additional 401 shares during the last quarter. Redhawk Wealth Advisors Inc. boosted its position in VictoryShares Short-Term Bond ETF by 1.5% during the third quarter. Redhawk Wealth Advisors Inc. now owns 160,406 shares of the company’s stock valued at $8,150,000 after purchasing an additional 2,346 shares during the last quarter. Concourse Financial Group Securities Inc. raised its stake in shares of VictoryShares Short-Term Bond ETF by 28.7% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 26,467 shares of the company’s stock worth $1,345,000 after purchasing an additional 5,902 shares in the last quarter. Finally, Darrow Company Inc. boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 20.8% in the 3rd quarter. Darrow Company Inc. now owns 57,001 shares of the company’s stock valued at $2,896,000 after buying an additional 9,811 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.