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

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) saw a significant drop in short interest during the month of 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 short-interest ratio is currently 0.5 days. Currently, 0.1% of the shares of the company are short sold.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

NASDAQ:UBND traded up $0.05 during mid-day trading on Thursday, hitting $21.73. 159,417 shares of the stock were exchanged, compared to its average volume of 261,141. The firm’s 50-day simple moving average is $21.68 and its 200 day simple moving average is $21.87. VictoryShares Core Plus Intermediate Bond ETF has a fifty-two week low of $21.39 and a fifty-two week high of $22.41.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Tuesday, June 9th were issued 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.

Hedge Funds Weigh In On VictoryShares Core Plus Intermediate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC acquired a new position in VictoryShares Core Plus Intermediate Bond ETF in the 1st quarter worth about $1,499,000. Johnson Financial Group Inc. acquired a new stake in VictoryShares Core Plus Intermediate Bond ETF during the 1st quarter worth about $54,000. Retirement Planning Group LLC lifted 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 VictoryShares Core Plus Intermediate Bond ETF in the first quarter worth $77,000. Finally, Cahaba Wealth Management Inc. increased its position in VictoryShares Core Plus Intermediate Bond ETF by 4.0% in the 1st 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 in the last quarter.

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.