Short Interest in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Decreases By 71.6%

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 14,160 shares, a decrease of 71.6% from the June 15th total of 49,821 shares. Based on an average trading volume of 130,156 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of VictoryShares Core Intermediate Bond ETF by 6.8% in the 1st quarter. Royal Bank of Canada now owns 160,514 shares of the company’s stock valued at $7,535,000 after acquiring an additional 10,286 shares during the period. AQR Capital Management LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the first quarter valued at about $333,000. JPMorgan Chase & Co. grew its stake in VictoryShares Core Intermediate Bond ETF by 2.0% in the second quarter. JPMorgan Chase & Co. now owns 136,331 shares of the company’s stock valued at $6,417,000 after purchasing an additional 2,648 shares during the last quarter. Raymond James Financial Inc. grew its stake in VictoryShares Core Intermediate Bond ETF by 6.2% in the second quarter. Raymond James Financial Inc. now owns 993,575 shares of the company’s stock valued at $46,768,000 after purchasing an additional 58,257 shares during the last quarter. Finally, Bank of America Corp DE raised its holdings in VictoryShares Core Intermediate Bond ETF by 26.2% in the second quarter. Bank of America Corp DE now owns 1,108,736 shares of the company’s stock worth $52,188,000 after purchasing an additional 230,144 shares in the last quarter.

VictoryShares Core Intermediate Bond ETF Trading Down 0.3%

NASDAQ UITB traded down $0.16 during trading on Monday, reaching $46.26. 66,917 shares of the company’s stock traded hands, compared to its average volume of 175,117. VictoryShares Core Intermediate Bond ETF has a 12-month low of $46.12 and a 12-month high of $48.06. The company’s 50 day simple moving average is $46.70 and its two-hundred day simple moving average is $47.11.

VictoryShares Core Intermediate Bond ETF Increases Dividend

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

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.