VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase – Here’s What Happened

VictoryShares Short-Term Bond ETF (NASDAQ:USTB) shares saw an uptick in trading volume on Monday . 107,930 shares changed hands during mid-day 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 Up 0.0 %

The firm has a 50 day moving average of $50.45 and a two-hundred day moving average of $50.28.

VictoryShares Short-Term Bond ETF Announces Dividend

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

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Fortitude Family Office LLC purchased a new stake in shares of VictoryShares Short-Term Bond ETF in the third quarter valued at about $91,000. Octavia Wealth Advisors LLC purchased a new stake in VictoryShares Short-Term Bond ETF in the 3rd quarter valued at approximately $221,000. Burt Wealth Advisors grew its holdings in VictoryShares Short-Term Bond ETF by 5.3% during the 3rd quarter. Burt Wealth Advisors now owns 7,010 shares of the company’s stock valued at $356,000 after buying an additional 350 shares during the last quarter. Private Client Services LLC purchased a new position in VictoryShares Short-Term Bond ETF during the third quarter worth $404,000. Finally, Squire Investment Management Company LLC acquired a new position in shares of VictoryShares Short-Term Bond ETF in the third quarter worth $431,000.

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.