Short Interest in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Declines By 20.4%

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the target of a large decline in short interest in August. As of August 31st, there was short interest totalling 28,900 shares, a decline of 20.4% from the August 15th total of 36,300 shares. Based on an average daily trading volume, of 149,300 shares, the short-interest ratio is presently 0.2 days.

VictoryShares Core Intermediate Bond ETF Price Performance

Shares of UITB stock opened at $48.18 on Monday. VictoryShares Core Intermediate Bond ETF has a 1 year low of $43.14 and a 1 year high of $48.31. The company’s fifty day simple moving average is $47.25 and its two-hundred day simple moving average is $46.40.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, September 12th. Stockholders of record on Wednesday, September 11th were given a dividend of $0.164 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This is a boost from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.14. This represents a $1.97 annualized dividend and a dividend yield of 4.08%.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Several hedge funds have recently bought and sold shares of UITB. Morton Brown Family Wealth LLC bought a new position in shares of VictoryShares Core Intermediate Bond ETF in the second quarter worth $30,000. MV Capital Management Inc. bought a new stake in shares of VictoryShares Core Intermediate Bond ETF during the 1st quarter valued at about $39,000. Harbour Investments Inc. grew its holdings in shares of 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 worth $155,000 after purchasing an additional 3,320 shares in the last quarter. Raymond James Trust N.A. purchased a new position in shares of VictoryShares Core Intermediate Bond ETF during the second quarter worth about $205,000. Finally, Wedmont Private Capital bought a new position in shares of VictoryShares Core Intermediate Bond ETF in the second quarter worth approximately $300,000.

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.