Short Interest in VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Drops By 50.2%

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) was the target of a significant drop in short interest in June. As of June 15th, there was short interest totaling 109,561 shares, a drop of 50.2% from the May 31st total of 219,784 shares. Based on an average daily trading volume, of 227,144 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On VictoryShares Core Plus Intermediate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Segall Bryant & Hamill LLC bought a new position in VictoryShares Core Plus Intermediate Bond ETF during the first quarter worth about $1,499,000. Johnson Financial Group Inc. bought a new stake in VictoryShares Core Plus Intermediate Bond ETF in the first quarter valued at approximately $54,000. Retirement Planning Group LLC raised its stake in VictoryShares Core Plus Intermediate Bond ETF by 13.1% in the first quarter. Retirement Planning Group LLC now owns 7,358,557 shares of the company’s stock valued at $160,269,000 after buying an additional 853,671 shares during the period. Fifth Third Bancorp acquired a new stake in shares of VictoryShares Core Plus Intermediate Bond ETF in the first quarter valued at approximately $77,000. Finally, Cahaba Wealth Management Inc. lifted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 4.0% in the first quarter. Cahaba Wealth Management Inc. now owns 8,179,176 shares of the company’s stock valued at $178,142,000 after buying an additional 316,424 shares during the last quarter.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

NASDAQ UBND traded down $0.03 on Wednesday, hitting $21.70. 7,203 shares of the stock were exchanged, compared to its average volume of 260,619. The business’s fifty day moving average is $21.68 and its 200 day moving average is $21.87. VictoryShares Core Plus Intermediate Bond ETF has a 52 week low of $21.39 and a 52 week high of $22.41.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were paid a dividend of $0.0834 per share. The ex-dividend date was Tuesday, June 9th. This represents a c) annualized dividend and a dividend yield of 4.6%.

About VictoryShares Core Plus Intermediate Bond ETF

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.