Short Interest in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Drops By 53.5%

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 31,400 shares, a drop of 53.5% from the March 31st total of 67,500 shares. Based on an average trading volume of 119,200 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Several hedge funds have recently modified their holdings of the company. Bogart Wealth LLC boosted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 153.6% in the 1st quarter. Bogart Wealth LLC now owns 1,250,229 shares of the company’s stock valued at $57,986,000 after buying an additional 757,323 shares in the last quarter. Allworth Financial LP lifted its position in VictoryShares Core Intermediate Bond ETF by 7.3% during the first quarter. Allworth Financial LP now owns 399,816 shares of the company’s stock valued at $18,543,000 after acquiring an additional 27,300 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in VictoryShares Core Intermediate Bond ETF by 44.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 165,055 shares of the company’s stock valued at $7,655,000 after acquiring an additional 51,025 shares in the last quarter. James J. Burns & Company LLC purchased a new position in VictoryShares Core Intermediate Bond ETF in the first quarter worth $1,596,000. Finally, Fifth Third Bancorp purchased a new position in VictoryShares Core Intermediate Bond ETF in the first quarter worth $51,000.

VictoryShares Core Intermediate Bond ETF Price Performance

UITB opened at $45.21 on Friday. VictoryShares Core Intermediate Bond ETF has a 12 month low of $43.14 and a 12 month high of $47.35. The stock has a fifty day moving average price of $45.92 and a 200-day moving average price of $45.74.

VictoryShares Core Intermediate Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, April 12th were paid a $0.1561 dividend. The ex-dividend date was Thursday, April 11th. This represents a $1.87 annualized dividend and a yield of 4.14%.

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.