VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) Sees Significant Growth in Short Interest

VictoryShares Core Plus Intermediate Bond ETF (NASDAQ:UBND) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 219,784 shares, a growth of 126.7% from the May 14th total of 96,947 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 261,118 shares, the days-to-cover ratio is currently 0.8 days.

VictoryShares Core Plus Intermediate Bond ETF Stock Performance

UBND opened at $21.63 on Friday. VictoryShares Core Plus Intermediate Bond ETF has a 1-year low of $21.39 and a 1-year high of $22.41. The stock’s 50 day simple moving average is $21.71 and its 200 day simple moving average is $21.90.

VictoryShares Core Plus Intermediate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, June 10th. Shareholders 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 yield of 4.6%. The ex-dividend date was Tuesday, June 9th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its stake in shares of VictoryShares Core Plus Intermediate Bond ETF by 30.9% during the 4th quarter. Victory Capital Management Inc. now owns 20,358,908 shares of the company’s stock worth $447,896,000 after buying an additional 4,800,062 shares during the last quarter. Osaic Holdings Inc. boosted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 557.4% in the 4th quarter. Osaic Holdings Inc. now owns 1,963,869 shares of the company’s stock worth $43,215,000 after buying an additional 1,665,135 shares in the last quarter. Retirement Planning Group LLC boosted its position in shares of VictoryShares Core Plus Intermediate Bond ETF by 13.1% in the 1st quarter. Retirement Planning Group LLC now owns 7,358,557 shares of the company’s stock worth $160,269,000 after buying an additional 853,671 shares in the last quarter. Corient Private Wealth LLC grew its stake in VictoryShares Core Plus Intermediate Bond ETF by 168.1% in the 2nd quarter. Corient Private Wealth LLC now owns 836,066 shares of the company’s stock valued at $18,268,000 after acquiring an additional 524,257 shares during the last quarter. Finally, Annex Advisory Services LLC increased its holdings in VictoryShares Core Plus Intermediate Bond ETF by 3.0% during the 4th quarter. Annex Advisory Services LLC now owns 16,978,957 shares of the company’s stock valued at $373,537,000 after acquiring an additional 491,114 shares in the last quarter.

VictoryShares Core Plus Intermediate Bond ETF Company Profile

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.