VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Unusually-High Trading Volume – Here’s Why

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw unusually-high trading volume on Monday . Approximately 107,930 shares changed hands during trading, an increase of 50% from the previous session’s volume of 71,725 shares.The stock last traded at $50.37 and had previously closed at $50.43.

VictoryShares Short-Term Bond ETF Stock Performance

The company has a 50 day simple moving average of $50.47 and a 200 day simple moving average of $50.26.

VictoryShares Short-Term Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, November 8th. Investors of record on Thursday, November 7th were issued a dividend of $0.2103 per share. The ex-dividend date was Thursday, November 7th. This represents a $2.52 annualized dividend and a dividend yield of 5.00%.

Institutional Investors Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of USTB. Cetera Investment Advisers acquired a new position in shares of VictoryShares Short-Term Bond ETF in the 1st quarter worth approximately $1,910,000. Cetera Advisors LLC boosted its position in VictoryShares Short-Term Bond ETF by 357.1% during the 1st quarter. Cetera Advisors LLC now owns 37,725 shares of the company’s stock worth $1,880,000 after acquiring an additional 29,472 shares during the period. Prairieview Wealth Partners LLC raised its stake in shares of VictoryShares Short-Term Bond ETF by 2.1% in the 2nd quarter. Prairieview Wealth Partners LLC now owns 217,677 shares of the company’s stock worth $10,840,000 after buying an additional 4,494 shares in the last quarter. Redhawk Wealth Advisors Inc. raised its stake in shares of VictoryShares Short-Term Bond ETF by 84.3% in the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 158,060 shares of the company’s stock worth $7,871,000 after buying an additional 72,309 shares in the last quarter. Finally, ERn Financial LLC bought a new stake in shares of VictoryShares Short-Term Bond ETF in the 2nd quarter worth $14,126,000.

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.