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

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 113,500 shares, an increase of 497.4% from the January 31st total of 19,000 shares. Based on an average daily volume of 213,400 shares, the days-to-cover ratio is presently 0.5 days.

VictoryShares Core Intermediate Bond ETF Stock Performance

Shares of UITB stock traded down $0.09 during mid-day trading on Thursday, hitting $46.84. 43,411 shares of the stock traded hands, compared to its average volume of 259,481. The stock’s fifty day moving average is $46.05 and its two-hundred day moving average is $46.81. VictoryShares Core Intermediate Bond ETF has a 52-week low of $45.00 and a 52-week high of $48.31.

VictoryShares Core Intermediate Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, February 10th. Shareholders of record on Friday, February 7th were issued a $0.1528 dividend. This is a positive change from VictoryShares Core Intermediate Bond ETF’s previous dividend of $0.03. The ex-dividend date of this dividend was Friday, February 7th.

Hedge Funds Weigh In On VictoryShares Core Intermediate Bond ETF

A number of institutional investors have recently modified their holdings of UITB. Raymond James Financial Inc. acquired a new stake in VictoryShares Core Intermediate Bond ETF during the fourth quarter worth about $35,994,000. LPL Financial LLC boosted its stake in VictoryShares Core Intermediate Bond ETF by 108.3% during the 4th quarter. LPL Financial LLC now owns 1,253,462 shares of the company’s stock worth $57,609,000 after purchasing an additional 651,567 shares during the last quarter. Bogart Wealth LLC raised its holdings in VictoryShares Core Intermediate Bond ETF by 36.9% in the 4th quarter. Bogart Wealth LLC now owns 1,760,244 shares of the company’s stock valued at $80,901,000 after acquiring an additional 474,119 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of VictoryShares Core Intermediate Bond ETF by 184.2% during the 4th quarter. Wells Fargo & Company MN now owns 498,140 shares of the company’s stock worth $22,895,000 after purchasing an additional 322,876 shares during the period. Finally, Bank of America Corp DE increased its holdings in VictoryShares Core Intermediate Bond ETF by 54.2% in the 4th quarter. Bank of America Corp DE now owns 833,549 shares of the company’s stock valued at $38,310,000 after purchasing an additional 293,013 shares during the last quarter.

VictoryShares Core Intermediate Bond ETF Company Profile

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.