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

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 11,000 shares, a decrease of 29.5% from the January 15th total of 15,600 shares. Based on an average trading volume of 6,700 shares, the short-interest ratio is presently 1.6 days.

American Century Short Duration Strategic Income ETF Stock Performance

SDSI stock traded up $0.11 during trading hours on Friday, reaching $51.14. The stock had a trading volume of 66,961 shares, compared to its average volume of 10,259. The stock has a 50-day simple moving average of $50.98 and a 200 day simple moving average of $51.28. American Century Short Duration Strategic Income ETF has a fifty-two week low of $50.35 and a fifty-two week high of $52.01.

American Century Short Duration Strategic Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 5th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1997 per share. The ex-dividend date was Monday, February 3rd.

Institutional Trading of American Century Short Duration Strategic Income ETF

A number of hedge funds have recently modified their holdings of the stock. HighTower Advisors LLC acquired a new stake in American Century Short Duration Strategic Income ETF in the 4th quarter worth about $9,025,000. TAP Consulting LLC bought a new stake in shares of American Century Short Duration Strategic Income ETF during the 4th quarter valued at approximately $1,554,000. Envestnet Asset Management Inc. grew its holdings in shares of American Century Short Duration Strategic Income ETF by 46.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 45,278 shares of the company’s stock valued at $2,303,000 after purchasing an additional 14,260 shares during the last quarter. Joseph P. Lucia & Associates LLC acquired a new stake in American Century Short Duration Strategic Income ETF during the 4th quarter worth approximately $498,000. Finally, Unique Wealth LLC boosted its position in American Century Short Duration Strategic Income ETF by 45.3% during the 4th quarter. Unique Wealth LLC now owns 15,090 shares of the company’s stock worth $767,000 after buying an additional 4,702 shares during the period.

About American Century Short Duration Strategic Income ETF

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.