VictoryShares Core Intermediate Bond ETF (NASDAQ:UITB) Short Interest Down 51.5% in December

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its stake in shares of VictoryShares Core Intermediate Bond ETF by 5.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 56,130 shares of the company’s stock valued at $2,583,000 after purchasing an additional 2,729 shares during the period. Sargent Investment Group LLC increased its holdings in VictoryShares Core Intermediate Bond ETF by 3.8% in the second quarter. Sargent Investment Group LLC now owns 163,257 shares of the company’s stock worth $7,511,000 after purchasing an additional 5,951 shares in the last quarter. Thrivent Financial for Lutherans acquired a new position in VictoryShares Core Intermediate Bond ETF in the second quarter valued at approximately $680,000. Bank of Montreal Can bought a new position in shares of VictoryShares Core Intermediate Bond ETF during the 2nd quarter worth approximately $11,423,000. Finally, Daymark Wealth Partners LLC grew its position in shares of VictoryShares Core Intermediate Bond ETF by 5.7% during the 2nd quarter. Daymark Wealth Partners LLC now owns 36,019 shares of the company’s stock worth $1,657,000 after buying an additional 1,951 shares during the period.

VictoryShares Core Intermediate Bond ETF Stock Down 0.2 %

Shares of UITB opened at $45.41 on Tuesday. The stock’s 50-day moving average price is $46.33 and its two-hundred day moving average price is $46.91. VictoryShares Core Intermediate Bond ETF has a 12 month low of $45.00 and a 12 month high of $48.31.

VictoryShares Core Intermediate Bond ETF Cuts Dividend

The business also recently announced 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.

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.