Short Interest in VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Decreases By 80.3%
by Jessica Moore · The Cerbat GemVictoryShares Short-Term Bond ETF (NASDAQ:USTB – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 21,002 shares, a drop of 80.3% from the March 15th total of 106,753 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 285,820 shares, the short-interest ratio is currently 0.1 days.
VictoryShares Short-Term Bond ETF Price Performance
Shares of NASDAQ:USTB traded up $0.01 during trading on Friday, hitting $50.52. The company had a trading volume of 153,747 shares, compared to its average volume of 247,010. VictoryShares Short-Term Bond ETF has a one year low of $50.10 and a one year high of $51.12. The company has a fifty day simple moving average of $50.82 and a two-hundred day simple moving average of $50.87.
VictoryShares Short-Term Bond ETF Dividend Announcement
The business also recently disclosed a dividend, which was paid on Friday, April 10th. Stockholders of record on Thursday, April 9th were paid a $0.201 dividend. The ex-dividend date of this dividend was Thursday, April 9th.
Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. lifted its stake in shares of VictoryShares Short-Term Bond ETF by 0.3% during the 4th quarter. Victory Capital Management Inc. now owns 5,346,109 shares of the company’s stock worth $271,796,000 after acquiring an additional 14,801 shares during the last quarter. Merit Financial Group LLC lifted its stake in shares of VictoryShares Short-Term Bond ETF by 6.9% during the 4th quarter. Merit Financial Group LLC now owns 2,598,695 shares of the company’s stock worth $132,118,000 after acquiring an additional 167,898 shares during the last quarter. Morgan Stanley lifted its stake in shares of VictoryShares Short-Term Bond ETF by 28.8% during the 4th quarter. Morgan Stanley now owns 2,173,526 shares of the company’s stock worth $110,502,000 after acquiring an additional 486,138 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of VictoryShares Short-Term Bond ETF by 6.8% during the 3rd quarter. Bank of America Corp DE now owns 1,390,580 shares of the company’s stock worth $70,906,000 after acquiring an additional 88,108 shares during the last quarter. Finally, LPL Financial LLC lifted its stake in shares of VictoryShares Short-Term Bond ETF by 7.8% during the 4th quarter. LPL Financial LLC now owns 1,334,919 shares of the company’s stock worth $67,867,000 after acquiring an additional 96,021 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.