VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Short Interest Up 497.4% in February

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 113,500 shares, an increase of 497.4% from the January 31st total of 19,000 shares. Based on an average daily volume of 213,400 shares, the days-to-cover ratio is presently 0.5 days.

VictoryShares Core Intermediate Bond ETF Stock Performance

Shares of UITB stock opened at $47.07 on Friday. The firm has a fifty day simple moving average of $46.09 and a two-hundred day simple moving average of $46.81. VictoryShares Core Intermediate Bond ETF has a 12 month low of $45.00 and a 12 month high of $48.31.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, February 10th. Stockholders of record on Friday, February 7th were given a dividend of $0.1528 per share. The ex-dividend date was Friday, February 7th. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous dividend of $0.03.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in UITB. Raymond James Financial Inc. bought a new stake in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth approximately $35,994,000. LPL Financial LLC grew its holdings in VictoryShares Core Intermediate Bond ETF by 108.3% during the fourth quarter. LPL Financial LLC now owns 1,253,462 shares of the company’s stock worth $57,609,000 after buying an additional 651,567 shares in the last quarter. Bogart Wealth LLC raised its position in VictoryShares Core Intermediate Bond ETF by 36.9% in the 4th quarter. Bogart Wealth LLC now owns 1,760,244 shares of the company’s stock valued at $80,901,000 after buying an additional 474,119 shares during the last quarter. Wells Fargo & Company MN raised its position in VictoryShares Core Intermediate Bond ETF by 184.2% in the 4th quarter. Wells Fargo & Company MN now owns 498,140 shares of the company’s stock valued at $22,895,000 after buying an additional 322,876 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in VictoryShares Core Intermediate Bond ETF by 54.2% during the 4th quarter. Bank of America Corp DE now owns 833,549 shares of the company’s stock valued at $38,310,000 after acquiring an additional 293,013 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.