VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Short Interest Up 150.6% in September

Posted by Frank Smitson on Sep 28th, 2024

VictoryShares Short-Term Bond ETF (NASDAQ:USTB – Get Free Report) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 78,700 shares, a growth of 150.6% from the August 31st total of 31,400 shares. Based on an average trading volume of 75,100 shares, the days-to-cover ratio is presently 1.0 days.

VictoryShares Short-Term Bond ETF Stock Performance

USTB opened at $50.87 on Friday. VictoryShares Short-Term Bond ETF has a 1-year low of $48.37 and a 1-year high of $50.91. The company’s 50 day moving average is $50.51 and its 200-day moving average is $49.99.

VictoryShares Short-Term Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, September 11th were paid a $0.2377 dividend. This is a positive change from VictoryShares Short-Term Bond ETF’s previous monthly dividend of $0.21. This represents a $2.85 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend was Wednesday, September 11th.

Institutional Trading of VictoryShares Short-Term Bond ETF

Several hedge funds have recently modified their holdings of USTB. ERn Financial LLC bought a new position in shares of VictoryShares Short-Term Bond ETF during the 2nd quarter worth approximately $14,126,000. Waverly Advisors LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF in the first quarter worth about $11,970,000. Prairieview Wealth Partners LLC bought a new stake in VictoryShares Short-Term Bond ETF during the 1st quarter valued at $10,623,000. Commonwealth Equity Services LLC purchased a new stake in VictoryShares Short-Term Bond ETF in the 1st quarter worth approximately $4,216,000. Finally, Smith Thornton Advisors LLC purchased a new position in shares of VictoryShares Short-Term Bond ETF during the second quarter valued at about $3,706,000.

About VictoryShares Short-Term Bond ETF

(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.