Short Interest in VictoryShares Corporate Bond ETF (NASDAQ:UCRD) Drops By 30.5%

VictoryShares Corporate Bond ETF (NASDAQ:UCRD) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 228 shares, a decline of 30.5% from the February 12th total of 328 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 20 shares, the days-to-cover ratio is currently 11.4 days. Based on an average trading volume of 20 shares, the days-to-cover ratio is currently 11.4 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in VictoryShares Corporate Bond ETF stock. Victory Capital Management Inc. raised its holdings in VictoryShares Corporate Bond ETF (NASDAQ:UCRD) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 about 96.98% of VictoryShares Corporate Bond ETF worth $147,353,000 as of its most recent filing with the Securities and Exchange Commission.

VictoryShares Corporate Bond ETF Stock Down 0.2%

Shares of NASDAQ:UCRD opened at $21.36 on Monday. VictoryShares Corporate Bond ETF has a twelve month low of $20.56 and a twelve month high of $22.04. The stock’s 50 day moving average is $21.78 and its 200-day moving average is $21.79.

VictoryShares Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Tuesday, March 10th were paid a dividend of $0.0755 per share. This is a boost from VictoryShares Corporate Bond ETF’s previous monthly dividend of $0.07. The ex-dividend date was Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 4.2%.

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.