VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Large Increase in Short Interest

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 68,750 shares, a growth of 385.5% from the June 30th total of 14,160 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 125,503 shares, the short-interest ratio is presently 0.5 days.

VictoryShares Core Intermediate Bond ETF Stock Up 0.2%

VictoryShares Core Intermediate Bond ETF stock traded up $0.07 during midday trading on Monday, reaching $46.20. The stock had a trading volume of 24,141 shares, compared to its average volume of 170,942. The firm’s fifty day simple moving average is $46.60 and its 200-day simple moving average is $47.03. VictoryShares Core Intermediate Bond ETF has a 1-year low of $46.03 and a 1-year high of $48.06.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were given a $0.18 dividend. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Thursday, July 9th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Keystone Financial Group lifted its position in VictoryShares Core Intermediate Bond ETF by 3.0% during the 3rd quarter. Keystone Financial Group now owns 9,925 shares of the company’s stock worth $472,000 after buying an additional 291 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of VictoryShares Core Intermediate Bond ETF by 0.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 47,248 shares of the company’s stock valued at $2,245,000 after acquiring an additional 301 shares in the last quarter. Private Advisor Group LLC increased its position in shares of VictoryShares Core Intermediate Bond ETF by 0.3% in the third quarter. Private Advisor Group LLC now owns 90,285 shares of the company’s stock valued at $4,290,000 after acquiring an additional 301 shares during the last quarter. Perigon Wealth Management LLC raised its holdings in VictoryShares Core Intermediate Bond ETF by 3.9% during the fourth quarter. Perigon Wealth Management LLC now owns 8,232 shares of the company’s stock worth $390,000 after acquiring an additional 307 shares in the last quarter. Finally, Betterment LLC raised its holdings in VictoryShares Core Intermediate Bond ETF by 5.3% during the fourth quarter. Betterment LLC now owns 6,312 shares of the company’s stock worth $299,000 after acquiring an additional 318 shares in the last quarter.

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.