Thrown projectiles sometimes don't collide with players that are traveling upwards

The Bug:

Thrown projectiles sometimes don't collide with players that are traveling upwards.

This issue can most commonly seen inside of water but also occurs outside of it as well.

Steps to Reproduce:

1. Locate and enter a deep body of water.
2. Obtain several splash water bottles and ensure that you're fully submerged in water.
3. Throw a splash water bottle above your head and swim upwards simultaneously.
4. Take note as to whether or not thrown projectiles consistently collide with players that are traveling upwards.

Observed Behavior:

Thrown projectiles sometimes don't collide with players.

Expected Behavior:

Thrown projectiles would always collide with players.