VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sees Large Decline in Short Interest

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 12,639 shares, a decline of 71.9% from the February 26th total of 44,991 shares. Based on an average daily volume of 168,796 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of UBND. Victory Capital Management Inc. lifted its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 30.9% in the fourth quarter. Victory Capital Management Inc. now owns 20,358,908 shares of the company’s stock worth $447,896,000 after acquiring an additional 4,800,062 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 3.0% during the 4th quarter. Annex Advisory Services LLC now owns 16,978,957 shares of the company’s stock valued at $373,537,000 after purchasing an additional 491,114 shares during the last quarter. Cahaba Wealth Management Inc. increased its position in VictoryShares Core Plus Intermediate Bond ETF by 2.9% during the 4th quarter. Cahaba Wealth Management Inc. now owns 7,862,752 shares of the company’s stock worth $172,981,000 after purchasing an additional 219,287 shares in the last quarter. Retirement Planning Group LLC increased its position in VictoryShares Core Plus Intermediate Bond ETF by 8.9% during the 4th quarter. Retirement Planning Group LLC now owns 6,504,886 shares of the company’s stock worth $143,108,000 after purchasing an additional 534,133 shares in the last quarter. Finally, Merit Financial Group LLC lifted its stake in VictoryShares Core Plus Intermediate Bond ETF by 6.4% in the 4th quarter. Merit Financial Group LLC now owns 5,819,517 shares of the company’s stock valued at $128,029,000 after purchasing an additional 347,515 shares during the last quarter.

VictoryShares Core Plus Intermediate Bond ETF Trading Up 0.1%

Shares of UBND stock traded up $0.02 during trading hours on Thursday, reaching $21.71. The company’s stock had a trading volume of 12,423 shares, compared to its average volume of 285,935. The firm’s 50 day simple moving average is $22.02 and its 200-day simple moving average is $22.05. VictoryShares Core Plus Intermediate Bond ETF has a fifty-two week low of $21.17 and a fifty-two week high of $22.41.

VictoryShares Core Plus Intermediate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, March 11th. Investors of record on Tuesday, March 10th were given a dividend of $0.0878 per share. The ex-dividend date was Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 4.9%. This is an increase from VictoryShares Core Plus Intermediate Bond ETF’s previous monthly dividend of $0.09.

VictoryShares Core Plus Intermediate Bond ETF Company Profile

The VictoryShares Core Plus Intermediate Bond ETF (UBND) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that holds intermediate-term bonds of any type and rating that exhibit positive ESG characteristics. UBND was launched on Oct 4, 2021 and is managed by VictoryShares.