VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Short Interest Up 86.7% in May

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the recipient of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 42,200 shares, a growth of 86.7% from the April 30th total of 22,600 shares. Based on an average daily trading volume, of 151,500 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in USTB. Janney Montgomery Scott LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF during the fourth quarter worth approximately $294,000. Fifth Third Bancorp acquired a new position in VictoryShares Short-Term Bond ETF during the fourth quarter valued at approximately $155,000. Swmg LLC boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 6.7% in the 4th quarter. Swmg LLC now owns 16,292 shares of the company’s stock valued at $819,000 after purchasing an additional 1,026 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in VictoryShares Short-Term Bond ETF in the fourth quarter valued at about $1,440,000. Finally, Darrow Company Inc. lifted its stake in VictoryShares Short-Term Bond ETF by 10.2% in the 4th quarter. Darrow Company Inc. now owns 62,792 shares of the company’s stock valued at $3,152,000 after purchasing an additional 5,791 shares during the last quarter.

VictoryShares Short-Term Bond ETF Trading Up 0.0%

Shares of NASDAQ USTB traded up $0.01 during trading on Friday, reaching $50.60. The company had a trading volume of 133,110 shares, compared to its average volume of 109,782. The business’s 50 day moving average price is $50.49 and its 200-day moving average price is $50.41. VictoryShares Short-Term Bond ETF has a 52 week low of $49.70 and a 52 week high of $50.92.

VictoryShares Short-Term Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 9th. Shareholders of record on Thursday, May 8th were issued a dividend of $0.1886 per share. The ex-dividend date was Thursday, May 8th. This represents a $2.26 annualized dividend and a yield of 4.47%.

VictoryShares Short-Term Bond ETF Company Profile

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.