VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Short Interest Down 27.8% in October

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the recipient of a significant decline in short interest in the month of October. As of October 31st, there was short interest totalling 61,100 shares, a decline of 27.8% from the October 15th total of 84,600 shares. Based on an average daily trading volume, of 146,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UITB. Morton Brown Family Wealth LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the 2nd quarter valued at $30,000. Harbour Investments Inc. raised its stake in VictoryShares Core Intermediate Bond ETF by 7,720.9% during the 2nd quarter. Harbour Investments Inc. now owns 3,363 shares of the company’s stock valued at $155,000 after buying an additional 3,320 shares during the last quarter. Raymond James Trust N.A. purchased a new position in shares of VictoryShares Core Intermediate Bond ETF in the second quarter worth approximately $205,000. Princeton Global Asset Management LLC bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the 3rd quarter valued at approximately $292,000. Finally, Wedmont Private Capital bought a new position in shares of VictoryShares Core Intermediate Bond ETF in the second quarter worth about $300,000.

VictoryShares Core Intermediate Bond ETF Stock Down 0.1 %

Shares of UITB stock traded down $0.04 on Friday, hitting $46.27. 113,015 shares of the stock were exchanged, compared to its average volume of 141,847. The firm’s 50 day moving average is $47.35 and its two-hundred day moving average is $46.80. VictoryShares Core Intermediate Bond ETF has a one year low of $44.80 and a one year high of $48.31.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were issued a $0.1594 dividend. The ex-dividend date was Thursday, November 7th. This represents a $1.91 annualized dividend and a dividend yield of 4.13%. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.12.

VictoryShares Core Intermediate Bond ETF Company Profile

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.