VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Significant Drop in Short Interest

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the target of a large drop in short interest in June. As of June 15th, there was short interest totalling 33,900 shares, a drop of 46.9% from the May 31st total of 63,900 shares. Based on an average trading volume of 118,900 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

Several institutional investors have recently bought and sold shares of UITB. Orion Portfolio Solutions LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF in the 4th quarter valued at approximately $81,633,000. Bogart Wealth LLC raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 153.6% in the first quarter. Bogart Wealth LLC now owns 1,250,229 shares of the company’s stock worth $57,986,000 after buying an additional 757,323 shares during the last quarter. Riversedge Advisors LLC acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter worth $22,463,000. Cetera Investment Advisers purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF during the first quarter valued at $15,418,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of VictoryShares Core Intermediate Bond ETF by 914.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 316,517 shares of the company’s stock valued at $14,680,000 after acquiring an additional 285,307 shares during the period.

VictoryShares Core Intermediate Bond ETF Price Performance

UITB stock traded down $0.17 during trading on Friday, reaching $46.01. 159,596 shares of the company traded hands, compared to its average volume of 134,735. The business has a 50 day simple moving average of $45.87 and a 200 day simple moving average of $46.14. VictoryShares Core Intermediate Bond ETF has a 12 month low of $43.14 and a 12 month high of $47.20.

VictoryShares Core Intermediate Bond ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, June 13th. Stockholders of record on Wednesday, June 12th were given a $0.1609 dividend. This represents a $1.93 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Wednesday, June 12th.

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.