VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Sees Large Decrease in Short Interest

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 113,900 shares, a drop of 21.9% from the July 15th total of 145,900 shares. Based on an average trading volume of 140,200 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Thoroughbred Financial Services LLC increased its stake in VictoryShares Core Intermediate Bond ETF by 32.6% during the 4th quarter. Thoroughbred Financial Services LLC now owns 11,906 shares of the company’s stock worth $558,000 after acquiring an additional 2,924 shares during the period. United Services Automobile Association boosted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 2.3% in the 4th quarter. United Services Automobile Association now owns 2,196,668 shares of the company’s stock valued at $103,046,000 after purchasing an additional 48,925 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 31.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 114,030 shares of the company’s stock valued at $5,349,000 after purchasing an additional 26,997 shares in the last quarter. Cetera Investment Advisers acquired a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 1st quarter valued at $15,418,000. Finally, Private Advisor Group LLC boosted its holdings in shares of VictoryShares Core Intermediate Bond ETF by 77.1% in the 1st quarter. Private Advisor Group LLC now owns 51,975 shares of the company’s stock valued at $2,411,000 after purchasing an additional 22,625 shares in the last quarter.

VictoryShares Core Intermediate Bond ETF Price Performance

VictoryShares Core Intermediate Bond ETF stock traded down $0.19 during mid-day trading on Thursday, reaching $47.35. 97,290 shares of the company were exchanged, compared to its average volume of 135,887. The company has a fifty day simple moving average of $46.56 and a 200-day simple moving average of $46.17. VictoryShares Core Intermediate Bond ETF has a 12 month low of $43.14 and a 12 month high of $47.92.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, August 9th. Shareholders of record on Thursday, August 8th were paid a dividend of $0.1418 per share. This represents a $1.70 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend was Thursday, August 8th. This is a positive change from VictoryShares Core Intermediate Bond ETF’s previous monthly dividend of $0.14.

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.