VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Short Interest Down 86.4% in May

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 21,931 shares, a decrease of 86.4% from the May 14th total of 160,700 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 209,177 shares, the short-interest ratio is currently 0.1 days.

VictoryShares Core Intermediate Bond ETF Stock Performance

UITB opened at $46.51 on Wednesday. VictoryShares Core Intermediate Bond ETF has a 1-year low of $46.12 and a 1-year high of $48.06. The firm has a 50-day moving average price of $46.85 and a two-hundred day moving average price of $47.23.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, June 10th. Investors of record on Tuesday, June 9th will be given a $0.1654 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, June 9th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 7.8% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 577,056 shares of the company’s stock valued at $27,131,000 after buying an additional 41,638 shares during the period. Allen Capital Group LLC lifted its stake in shares of VictoryShares Core Intermediate Bond ETF by 8.2% during the first quarter. Allen Capital Group LLC now owns 1,113,941 shares of the company’s stock valued at $52,374,000 after acquiring an additional 84,462 shares during the period. Western Wealth Management LLC acquired a new position in shares of VictoryShares Core Intermediate Bond ETF during the first quarter valued at $81,000. Bank of America Corp DE boosted its holdings in VictoryShares Core Intermediate Bond ETF by 6.2% in the first quarter. Bank of America Corp DE now owns 1,396,762 shares of the company’s stock valued at $65,672,000 after acquiring an additional 82,026 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in VictoryShares Core Intermediate Bond ETF by 1.0% in the first quarter. Royal Bank of Canada now owns 151,408 shares of the company’s stock valued at $7,119,000 after acquiring an additional 1,542 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.