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 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. Based on an average daily volume of 125,503 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. MBL Wealth LLC lifted its holdings in VictoryShares Core Intermediate Bond ETF by 6.7% during the 4th quarter. MBL Wealth LLC now owns 662,549 shares of the company’s stock worth $31,375,000 after purchasing an additional 41,767 shares during the last quarter. Greenup Street Wealth Management LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF in the fourth quarter valued at about $21,013,000. Wealth Advisory Team LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF in the fourth quarter valued at about $5,985,000. JPMorgan Chase & Co. increased its position in VictoryShares Core Intermediate Bond ETF by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 151,887 shares of the company’s stock worth $7,218,000 after acquiring an additional 15,556 shares during the period. Finally, Blue Water Asset Management bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the fourth quarter worth approximately $19,596,000.

VictoryShares Core Intermediate Bond ETF Trading Up 0.1%

Shares of VictoryShares Core Intermediate Bond ETF stock traded up $0.05 during mid-day trading on Friday, reaching $46.13. 255,106 shares of the stock were exchanged, compared to its average volume of 172,049. VictoryShares Core Intermediate Bond ETF has a fifty-two week low of $46.03 and a fifty-two week high of $48.06. The firm has a 50-day simple moving average of $46.60 and a 200 day simple moving average of $47.03.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were paid a $0.18 dividend. 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. This represents a c) annualized dividend and a dividend yield of 4.7%.

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.