VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Significant Drop in Short Interest

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw a significant drop in short interest in October. As of October 31st, there was short interest totalling 61,100 shares, a drop of 27.8% from the October 15th total of 84,600 shares. Based on an average trading volume of 146,100 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Trading of VictoryShares Core Intermediate Bond ETF

Hedge funds have recently made changes to their positions in the stock. Morton Brown Family Wealth LLC acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF during the second quarter worth approximately $30,000. Harbour Investments Inc. grew its position 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 buying an additional 3,320 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF during the second quarter worth approximately $205,000. Princeton Global Asset Management LLC acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF during the third quarter worth approximately $292,000. Finally, Wedmont Private Capital acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF during the second quarter worth approximately $300,000.

VictoryShares Core Intermediate Bond ETF Stock Down 0.1 %

Shares of NASDAQ:UITB opened at $46.27 on Friday. VictoryShares Core Intermediate Bond ETF has a 52-week low of $44.80 and a 52-week high of $48.31. The company has a 50 day moving average of $47.35 and a two-hundred day moving average of $46.80.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, November 8th. Stockholders of record on Thursday, November 7th were given a dividend of $0.1594 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.13%. This is an increase from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.12.

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.