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

by · The Markets Daily

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND – Get Free Report) was the recipient of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 109,561 shares, a decline of 50.2% from the May 31st total of 219,784 shares. Based on an average trading volume of 227,144 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On VictoryShares Core Plus Intermediate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in UBND. Annex Advisory Services LLC raised its holdings in shares of VictoryShares Core Plus Intermediate Bond ETF by 3.0% during the fourth quarter. Annex Advisory Services LLC now owns 16,978,957 shares of the company’s stock valued at $373,537,000 after buying an additional 491,114 shares during the last quarter. Merit Financial Group LLC raised its stake in VictoryShares Core Plus Intermediate Bond ETF by 6.4% during the 4th quarter. Merit Financial Group LLC now owns 5,819,517 shares of the company’s stock valued at $128,029,000 after acquiring an additional 347,515 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in VictoryShares Core Plus Intermediate Bond ETF by 244.3% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 264,673 shares of the company’s stock valued at $5,823,000 after acquiring an additional 187,801 shares in the last quarter. 1900 Wealth Management LLC boosted its position in VictoryShares Core Plus Intermediate Bond ETF by 2.7% during the 4th quarter. 1900 Wealth Management LLC now owns 4,288,773 shares of the company’s stock worth $94,353,000 after acquiring an additional 112,555 shares during the period. Finally, Victory Capital Management Inc. grew its stake in shares of VictoryShares Core Plus Intermediate Bond ETF by 2.4% in the third quarter. Victory Capital Management Inc. now owns 15,558,846 shares of the company’s stock worth $343,073,000 after purchasing an additional 362,323 shares in the last quarter.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

VictoryShares Core Plus Intermediate Bond ETF stock traded down $0.04 during midday trading on Tuesday, hitting $21.77. 17,355 shares of the company were exchanged, compared to its average volume of 261,791. VictoryShares Core Plus Intermediate Bond ETF has a fifty-two week low of $21.39 and a fifty-two week high of $22.41. The company’s fifty day moving average price is $21.69 and its 200-day moving average price is $21.87.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

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

About VictoryShares Core Plus Intermediate Bond ETF

(Get Free Report)

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.

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