VictoryShares Short-Term Bond ETF (NASDAQ:USTB) Sees Large Volume Increase After Dividend Announcement

Shares of VictoryShares Short-Term Bond ETF (NASDAQ:USTB) saw strong trading volume on Wednesday following a dividend announcement from the company. 219,233 shares were traded during trading, an increase of 184% from the previous session’s volume of 77,084 shares.The stock last traded at $50.58 and had previously closed at $50.57.

The newly announced dividend which will be paid on Friday, December 13th. Stockholders of record on Thursday, December 12th will be paid a $0.3598 dividend. The ex-dividend date of this dividend is Thursday, December 12th.

VictoryShares Short-Term Bond ETF Price Performance

The business has a 50-day simple moving average of $50.41 and a 200 day simple moving average of $50.31.

Hedge Funds Weigh In On VictoryShares Short-Term Bond ETF

A number of hedge funds have recently made changes to their positions in USTB. Pine Valley Investments Ltd Liability Co raised its position in VictoryShares Short-Term Bond ETF by 12.7% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 117,976 shares of the company’s stock valued at $5,994,000 after purchasing an additional 13,266 shares during the period. Orion Portfolio Solutions LLC raised its position in VictoryShares Short-Term Bond ETF by 1.1% during the third quarter. Orion Portfolio Solutions LLC now owns 36,845 shares of the company’s stock valued at $1,872,000 after purchasing an additional 401 shares during the period. Stifel Financial Corp raised its position in VictoryShares Short-Term Bond ETF by 8.9% during the third quarter. Stifel Financial Corp now owns 51,451 shares of the company’s stock valued at $2,614,000 after purchasing an additional 4,192 shares during the period. IHT Wealth Management LLC raised its position in VictoryShares Short-Term Bond ETF by 124.5% during the third quarter. IHT Wealth Management LLC now owns 14,299 shares of the company’s stock valued at $727,000 after purchasing an additional 7,929 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in VictoryShares Short-Term Bond ETF by 53.7% during the third quarter. Integrated Wealth Concepts LLC now owns 29,697 shares of the company’s stock valued at $1,509,000 after purchasing an additional 10,371 shares during the period.

About VictoryShares Short-Term Bond ETF

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.