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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the target of a large growth in short interest in 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. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 125,503 shares, the short-interest ratio is presently 0.5 days.

VictoryShares Core Intermediate Bond ETF Stock Performance

Shares of NASDAQ:UITB traded up $0.05 during trading on Friday, reaching $46.13. 255,106 shares of the company were exchanged, compared to its average volume of 172,049. The business’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 12-month low of $46.03 and a 12-month high of $48.06.

VictoryShares Core Intermediate Bond ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Eagle Bay Advisors LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the 4th quarter valued at $27,000. PNC Financial Services Group Inc. bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the 3rd quarter worth $40,000. Motiv8 Investments LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter valued at $65,000. Rockefeller Capital Management L.P. increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 46.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,606 shares of the company’s stock valued at $76,000 after buying an additional 506 shares during the period. Finally, Western Wealth Management LLC purchased a new position in shares of VictoryShares Core Intermediate Bond ETF during the first quarter valued at $81,000.

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.