American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Sees Significant Growth in Short Interest

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the target of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 39,646 shares, a growth of 539.9% from the July 30th total of 6,196 shares. Based on an average daily trading volume, of 87,133 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold.

American Century Diversified Corporate Bond ETF Stock Up 0.5%

Shares of KORP stock opened at $46.13 on Wednesday. American Century Diversified Corporate Bond ETF has a 52 week low of $45.66 and a 52 week high of $48.16. The firm’s 50-day simple moving average is $46.27 and its two-hundred day simple moving average is $46.70.

Institutional Investors Weigh In On American Century Diversified Corporate Bond ETF

Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. lifted its stake in American Century Diversified Corporate Bond ETF by 52.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 790,062 shares of the company’s stock valued at $37,330,000 after purchasing an additional 273,114 shares during the last quarter. Bank of America Corp DE increased its position in American Century Diversified Corporate Bond ETF by 283.2% in the first quarter. Bank of America Corp DE now owns 177,797 shares of the company’s stock worth $8,287,000 after buying an additional 131,399 shares during the last quarter. Ameriprise Financial Inc. increased its position in American Century Diversified Corporate Bond ETF by 1,517.7% in the third quarter. Ameriprise Financial Inc. now owns 133,880 shares of the company’s stock worth $6,367,000 after buying an additional 125,604 shares during the last quarter. LPL Financial LLC raised its stake in shares of American Century Diversified Corporate Bond ETF by 12.2% in the fourth quarter. LPL Financial LLC now owns 643,815 shares of the company’s stock valued at $30,420,000 after buying an additional 70,115 shares during the period. Finally, Baer Investment Advisory LLC purchased a new position in shares of American Century Diversified Corporate Bond ETF during the 1st quarter valued at $3,193,000.

American Century Diversified Corporate Bond ETF Company Profile

The American Century Diversified Corporate Bond ETF (KORP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed, U.S. denominated portfolio of corporate debt securities and investments KORP was launched on Jan 11, 2018 and is managed by American Century Investments.