VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Short Interest Down 53.5% in April

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the recipient of a large decrease in short interest in April. As of April 15th, there was short interest totalling 31,400 shares, a decrease of 53.5% from the March 31st total of 67,500 shares. Based on an average trading volume of 119,200 shares, the short-interest ratio is currently 0.3 days.

VictoryShares Core Intermediate Bond ETF Stock Performance

NASDAQ:UITB opened at $45.21 on Friday. The company has a fifty day simple moving average of $45.92 and a two-hundred day simple moving average of $45.73. VictoryShares Core Intermediate Bond ETF has a 52 week low of $43.14 and a 52 week high of $47.35.

VictoryShares Core Intermediate Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, April 12th were issued a dividend of $0.1561 per share. This represents a $1.87 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Thursday, April 11th.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of UITB. Raymond James & Associates raised its stake in VictoryShares Core Intermediate Bond ETF by 240.1% in the fourth quarter. Raymond James & Associates now owns 166,111 shares of the company’s stock valued at $7,792,000 after buying an additional 117,275 shares in the last quarter. Brookstone Capital Management purchased a new position in VictoryShares Core Intermediate Bond ETF in the fourth quarter valued at approximately $983,000. AdvisorNet Financial Inc lifted its position in shares of VictoryShares Core Intermediate Bond ETF by 223.3% during the 4th quarter. AdvisorNet Financial Inc now owns 70,929 shares of the company’s stock worth $3,327,000 after buying an additional 48,991 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in VictoryShares Core Intermediate Bond ETF by 73.0% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 31,210 shares of the company’s stock worth $1,464,000 after acquiring an additional 13,165 shares in the last quarter. Finally, Alliance Wealth Advisors LLC lifted its position in VictoryShares Core Intermediate Bond ETF by 5.1% in the fourth quarter. Alliance Wealth Advisors LLC now owns 409,356 shares of the company’s stock valued at $19,203,000 after acquiring an additional 19,958 shares during the last quarter.

About VictoryShares Core Intermediate Bond ETF

The Victory Portfolios II VictoryShares Core Intermediate Bond ETF (UITB) is an exchange-traded fund that is based on the Bloomberg US Aggregate Bond index. The fund is an actively managed bond fund that invests primarily in US issues with a dollar-weighted average maturity of three to ten years. UITB was launched on Oct 24, 2017 and is managed by VictoryShares.