Short Interest in VictoryShares Corporate Bond ETF (NASDAQ:UCRD) Drops By 58.1%

VictoryShares Corporate Bond ETF (NASDAQ:UCRD) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 72 shares, a decline of 58.1% from the December 15th total of 172 shares. Based on an average daily trading volume, of 37 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 37 shares, the days-to-cover ratio is presently 1.9 days.

Hedge Funds Weigh In On VictoryShares Corporate Bond ETF

A hedge fund recently raised its stake in VictoryShares Corporate Bond ETF stock. Victory Capital Management Inc. increased its stake in VictoryShares Corporate Bond ETF (NASDAQ:UCRD) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,608,904 shares of the company’s stock after buying an additional 92,886 shares during the period. Victory Capital Management Inc. owned about 99.68% of VictoryShares Corporate Bond ETF worth $144,173,000 at the end of the most recent reporting period.

VictoryShares Corporate Bond ETF Stock Performance

Shares of VictoryShares Corporate Bond ETF stock opened at $21.75 on Wednesday. VictoryShares Corporate Bond ETF has a 1-year low of $20.56 and a 1-year high of $22.04. The business has a 50-day moving average of $21.74 and a 200-day moving average of $21.68.

VictoryShares Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 9th. Shareholders of record on Thursday, January 8th were paid a dividend of $0.0191 per share. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, January 8th.

About VictoryShares Corporate Bond ETF

The Victory Portfolios II VictoryShares Corporate Bond ETF (UCRD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that employs a proprietary ESG and credit rating methodology to select investment-grade corporate bonds. UCRD was launched on Oct 4, 2021 and is managed by VictoryShares.