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

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

Institutional Trading of VictoryShares Core Intermediate Bond ETF

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

VictoryShares Core Intermediate Bond ETF Trading Down 0.1 %

Shares of UITB stock traded down $0.04 during mid-day trading on Friday, reaching $46.27. The company’s stock had a trading volume of 113,015 shares, compared to its average volume of 141,847. VictoryShares Core Intermediate Bond ETF has a 1-year low of $44.80 and a 1-year high of $48.31. 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 Increases Dividend

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

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.