American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Short Interest Update

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

Hedge Funds Weigh In On American Century Short Duration Strategic Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. grew its stake in American Century Short Duration Strategic Income ETF by 131.7% during the 2nd quarter. American Century Companies Inc. now owns 562,268 shares of the company’s stock worth $28,624,000 after buying an additional 319,603 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in American Century Short Duration Strategic Income ETF by 67.1% in 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 purchased a new stake in shares of American Century Short Duration Strategic Income ETF during the second quarter worth about $803,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in shares of American Century Short Duration Strategic Income ETF during the second quarter valued at about $212,000.

American Century Short Duration Strategic Income ETF Stock Up 0.1 %

Shares of NASDAQ:SDSI traded up $0.05 during trading on Friday, reaching $51.27. The stock had a trading volume of 195 shares, compared to its average volume of 7,382. The firm’s 50-day simple moving average is $51.35 and its 200 day simple moving average is $51.24. American Century Short Duration Strategic Income ETF has a one year low of $50.35 and a one year high of $52.01.

American Century Short Duration Strategic Income ETF Cuts Dividend

The company also recently announced 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 of this dividend was Friday, November 1st. This represents a $2.79 annualized dividend and a yield of 5.45%.

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.