VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Short Interest Up 80.9% in June

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 149,435 shares, a growth of 80.9% from the May 31st total of 82,589 shares. Based on an average daily volume of 172,058 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in VictoryShares Short-Term Bond ETF during the 1st quarter worth approximately $28,000. Sunbelt Securities Inc. bought a new position in shares of VictoryShares Short-Term Bond ETF during the third quarter valued at $30,000. JPMorgan Chase & Co. bought a new position in shares of VictoryShares Short-Term Bond ETF during the third quarter valued at $32,000. Global Retirement Partners LLC acquired a new position in shares of VictoryShares Short-Term Bond ETF during the fourth quarter worth $33,000. Finally, Aptus Capital Advisors LLC acquired a new position in shares of VictoryShares Short-Term Bond ETF during the third quarter worth $72,000.

VictoryShares Short-Term Bond ETF Stock Down 0.0%

Shares of NASDAQ USTB opened at $50.61 on Thursday. The business has a fifty day moving average price of $50.58 and a two-hundred day moving average price of $50.73. VictoryShares Short-Term Bond ETF has a fifty-two week low of $50.40 and a fifty-two week high of $51.12.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th were paid a $0.182 dividend. The ex-dividend date of this dividend was Tuesday, June 9th. This represents a c) annualized dividend and a yield of 4.3%.

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.