VictoryShares Corporate Bond ETF (NASDAQ:UCRD) Sees Significant Decrease in Short Interest

VictoryShares Corporate Bond ETF (NASDAQ:UCRD) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 1,172 shares, a drop of 32.8% from the June 30th total of 1,745 shares. Based on an average daily volume of 214 shares, the short-interest ratio is currently 5.5 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in VictoryShares Corporate Bond ETF stock. Victory Capital Management Inc. lifted its position in shares of VictoryShares Corporate Bond ETF (NASDAQ:UCRD) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,788,904 shares of the company’s stock after buying an additional 180,000 shares during the period. Victory Capital Management Inc. owned approximately 96.98% of VictoryShares Corporate Bond ETF worth $147,353,000 as of its most recent SEC filing.

VictoryShares Corporate Bond ETF Stock Performance

Shares of NASDAQ:UCRD opened at $21.10 on Friday. The stock’s fifty day simple moving average is $21.40 and its 200-day simple moving average is $21.55. VictoryShares Corporate Bond ETF has a 52-week low of $21.10 and a 52-week high of $22.04.

VictoryShares Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, July 10th. Stockholders of record on Thursday, July 9th were issued a dividend of $0.0829 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. This is a boost from VictoryShares Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Thursday, July 9th.

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.