American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Large Growth in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSIGet Free Report) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 19,700 shares, an increase of 418.4% from the October 31st total of 3,800 shares. Based on an average daily trading volume, of 7,700 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Trading of American Century Short Duration Strategic Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of SDSI. American Century Companies Inc. boosted its position in American Century Short Duration Strategic Income ETF by 131.7% during the second quarter. American Century Companies Inc. now owns 562,268 shares of the company’s stock worth $28,624,000 after purchasing an additional 319,603 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of American Century Short Duration Strategic Income ETF by 67.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 33,290 shares of the company’s stock worth $1,695,000 after acquiring an additional 13,362 shares in the last quarter. Bank of Montreal Can bought a new position in shares of American Century Short Duration Strategic Income ETF in the second quarter worth $803,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of American Century Short Duration Strategic Income ETF during the 2nd quarter valued at $212,000.

American Century Short Duration Strategic Income ETF Stock Up 0.1 %

Shares of NASDAQ SDSI traded up $0.03 during mid-day trading on Wednesday, reaching $51.17. 4,155 shares of the company’s stock traded hands, compared to its average volume of 7,412. American Century Short Duration Strategic Income ETF has a 1-year low of $50.35 and a 1-year high of $52.01. The business has a 50-day simple moving average of $51.39 and a 200 day simple moving average of $51.24.

American Century Short Duration Strategic Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a $0.2329 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.79 annualized dividend and a yield of 5.46%.

American Century Short Duration Strategic Income ETF Company Profile

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The American Century Short Duration Strategic Income ETF (SDSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a broad portfolio of short-duration fixed income securities. The fund seeks to mitigate the impact of rising interest rates. SDSI was launched on Oct 11, 2022 and is managed by American Century Investments.

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