VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Short Interest Down 86.4% in May

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 21,931 shares, a decline of 86.4% from the May 14th total of 160,700 shares. Based on an average daily trading volume, of 209,177 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Investors Weigh In On VictoryShares Core Intermediate Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Eagle Bay Advisors LLC acquired a new position in VictoryShares Core Intermediate Bond ETF in the fourth quarter valued at about $27,000. PNC Financial Services Group Inc. acquired a new position in shares of VictoryShares Core Intermediate Bond ETF during the 3rd quarter worth about $40,000. Motiv8 Investments LLC bought a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 4th quarter valued at about $65,000. Rockefeller Capital Management L.P. increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 46.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,606 shares of the company’s stock valued at $76,000 after acquiring an additional 506 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 1st quarter valued at approximately $81,000.

VictoryShares Core Intermediate Bond ETF Stock Performance

Shares of NASDAQ UITB opened at $46.51 on Wednesday. VictoryShares Core Intermediate Bond ETF has a fifty-two week low of $46.12 and a fifty-two week high of $48.06. The company’s 50 day simple moving average is $46.85 and its 200 day simple moving average is $47.23.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th will be paid a $0.1654 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

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.