VictoryShares Corporate Bond ETF (NASDAQ:UCRD) Sees Large Drop in Short Interest

VictoryShares Corporate Bond ETF (NASDAQ:UCRD) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 884 shares, a drop of 42.4% from the August 31st total of 1,534 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 755 shares, the short-interest ratio is presently 1.2 days.

VictoryShares Corporate Bond ETF Trading Down 0.2%

UCRD traded down $0.04 during trading hours on Wednesday, hitting $20.48. The stock had a trading volume of 1,943 shares, compared to its average volume of 1,477. VictoryShares Corporate Bond ETF has a 1 year low of $20.47 and a 1 year high of $22.04. The company’s fifty day simple moving average is $21.02 and its 200 day simple moving average is $21.31.

VictoryShares Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, September 9th were issued a $0.0576 dividend. This represents a $0.69 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, September 9th. This is a negative change from VictoryShares Corporate Bond ETF’s previous monthly dividend of $0.0735.

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.