Short Interest in VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Declines By 51.5%

VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totalling 19,900 shares, a decrease of 51.5% from the December 15th total of 41,000 shares. Based on an average daily volume of 164,400 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Princeton Global Asset Management LLC bought a new stake in VictoryShares Core Intermediate Bond ETF during the 3rd quarter valued at $292,000. Raymond James Trust N.A. lifted its stake in VictoryShares Core Intermediate Bond ETF by 53.8% in the third quarter. Raymond James Trust N.A. now owns 6,855 shares of the company’s stock worth $329,000 after acquiring an additional 2,398 shares during the period. Avaii Wealth Management LLC grew its holdings in VictoryShares Core Intermediate Bond ETF by 25.6% during the 3rd quarter. Avaii Wealth Management LLC now owns 6,979 shares of the company’s stock worth $334,000 after acquiring an additional 1,422 shares in the last quarter. Chris Bulman Inc purchased a new position in VictoryShares Core Intermediate Bond ETF during the 3rd quarter valued at about $443,000. Finally, Klingenstein Fields & Co. LP raised its holdings in shares of VictoryShares Core Intermediate Bond ETF by 5.7% in the 3rd quarter. Klingenstein Fields & Co. LP now owns 11,179 shares of the company’s stock valued at $536,000 after purchasing an additional 601 shares in the last quarter.

VictoryShares Core Intermediate Bond ETF Trading Up 0.7 %

UITB stock traded up $0.32 during trading on Wednesday, hitting $45.73. The company had a trading volume of 116,689 shares, compared to its average volume of 211,717. VictoryShares Core Intermediate Bond ETF has a 52-week low of $45.00 and a 52-week high of $48.31. The company has a 50 day simple moving average of $46.30 and a 200-day simple moving average of $46.91.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, January 9th. Investors of record on Wednesday, January 8th were issued a $0.0299 dividend. The ex-dividend date of this dividend was Wednesday, January 8th.

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.