VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Short Interest Up 168.1% in July

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 184,313 shares, a growth of 168.1% from the July 15th total of 68,750 shares. Based on an average daily volume of 151,684 shares, the short-interest ratio is currently 1.2 days. Approximately 0.3% of the shares of the stock are sold short.

VictoryShares Core Intermediate Bond ETF Stock Up 0.2%

Shares of UITB stock opened at $46.22 on Friday. The business has a 50-day moving average price of $46.48 and a two-hundred day moving average price of $46.91. VictoryShares Core Intermediate Bond ETF has a 12-month low of $46.01 and a 12-month high of $48.06.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Friday, August 7th were paid a dividend of $0.1612 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a c) annualized dividend and a dividend yield of 4.2%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Wealth Advisory Team LLC purchased a new position in VictoryShares Core Intermediate Bond ETF during the 4th quarter worth approximately $5,985,000. Blue Water Asset Management purchased a new stake in shares of VictoryShares Core Intermediate Bond ETF in the 4th quarter valued at $19,596,000. Victory Capital Management Inc. increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 0.8% in the fourth quarter. Victory Capital Management Inc. now owns 14,850,508 shares of the company’s stock worth $703,241,000 after acquiring an additional 123,363 shares during the period. Sanctuary Advisors LLC increased its stake in shares of VictoryShares Core Intermediate Bond ETF by 10.6% in the first quarter. Sanctuary Advisors LLC now owns 336,477 shares of the company’s stock worth $15,820,000 after acquiring an additional 32,122 shares during the period. Finally, Comerica Bank raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 180.0% during the fourth quarter. Comerica Bank now owns 33,088 shares of the company’s stock worth $1,567,000 after purchasing an additional 21,271 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.