VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Short Interest Down 31.9% in December

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) was the recipient of 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 trading volume of 108,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Smith Thornton Advisors LLC boosted its position in shares of VictoryShares Short-Term Bond ETF by 3.1% in the fourth quarter. Smith Thornton Advisors LLC now owns 76,139 shares of the company’s stock worth $3,822,000 after acquiring an additional 2,264 shares during the last quarter. ERn Financial LLC boosted its holdings in shares of VictoryShares Short-Term Bond ETF by 3.0% in the 4th quarter. ERn Financial LLC now owns 301,649 shares of the company’s stock valued at $15,143,000 after purchasing an additional 8,790 shares during the last quarter. Redhawk Wealth Advisors Inc. grew its stake in shares of VictoryShares Short-Term Bond ETF by 69.1% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 271,322 shares of the company’s stock valued at $13,620,000 after buying an additional 110,916 shares during the period. Pinnacle Wealth Management Group Inc. increased its holdings in shares of VictoryShares Short-Term Bond ETF by 7.4% during the 4th quarter. Pinnacle Wealth Management Group Inc. now owns 135,147 shares of the company’s stock worth $6,784,000 after buying an additional 9,284 shares during the last quarter. Finally, Private Client Services LLC raised its position in shares of VictoryShares Short-Term Bond ETF by 24.6% in the 4th quarter. Private Client Services LLC now owns 9,921 shares of the company’s stock worth $498,000 after buying an additional 1,960 shares during the period.

VictoryShares Short-Term Bond ETF Stock Up 0.0 %

Shares of NASDAQ:USTB opened at $50.12 on Wednesday. The business 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 has a 52 week low of $49.29 and a 52 week high of $50.92.

VictoryShares Short-Term Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 9th. Shareholders of record on Wednesday, January 8th were issued a $0.0439 dividend. The ex-dividend date of this dividend was Wednesday, January 8th.

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.