Short Interest in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Declines By 96.8%

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 8,100 shares, a decline of 96.8% from the February 29th total of 251,800 shares. Based on an average daily trading volume, of 147,000 shares, the short-interest ratio is presently 0.1 days.

VictoryShares Core Intermediate Bond ETF Stock Performance

NASDAQ UITB opened at $46.40 on Thursday. The firm’s fifty day moving average is $46.25 and its two-hundred day moving average is $45.59. VictoryShares Core Intermediate Bond ETF has a one year low of $43.14 and a one year high of $47.35.

VictoryShares Core Intermediate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, March 13th. Shareholders of record on Tuesday, March 12th were issued a $0.1397 dividend. This represents a $1.68 annualized dividend and a yield of 3.61%. The ex-dividend date of this dividend was Monday, March 11th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF in the fourth quarter valued at about $81,633,000. Riversedge Advisors LLC bought a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth $22,463,000. Bogart Wealth LLC increased its position in VictoryShares Core Intermediate Bond ETF by 397.0% in the fourth quarter. Bogart Wealth LLC now owns 492,906 shares of the company’s stock worth $23,122,000 after buying an additional 393,722 shares during the period. Morgan Stanley lifted its stake in VictoryShares Core Intermediate Bond ETF by 146.1% in the third quarter. Morgan Stanley now owns 584,972 shares of the company’s stock valued at $26,056,000 after buying an additional 347,250 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its position in shares of VictoryShares Core Intermediate Bond ETF by 697.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 275,691 shares of the company’s stock worth $12,933,000 after acquiring an additional 241,125 shares during the last quarter.

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.