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

American Century Diversified Corporate Bond ETF (NYSEARCA:KORPGet Free Report) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 21,683 shares, a growth of 58.7% from the May 14th total of 13,664 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 90,700 shares, the short-interest ratio is presently 0.2 days.

American Century Diversified Corporate Bond ETF Stock Performance

NYSEARCA KORP opened at $46.66 on Thursday. The stock’s 50 day moving average price is $46.73 and its two-hundred day moving average price is $47.09. American Century Diversified Corporate Bond ETF has a 52 week low of $46.03 and a 52 week high of $48.16.

Institutional Investors Weigh In On American Century Diversified Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in American Century Diversified Corporate Bond ETF during the 4th quarter worth about $40,000. Westside Investment Management Inc. lifted its position in American Century Diversified Corporate Bond ETF by 51.6% during the 4th quarter. Westside Investment Management Inc. now owns 940 shares of the company’s stock worth $44,000 after buying an additional 320 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in American Century Diversified Corporate Bond ETF during the 4th quarter worth about $52,000. Comerica Bank bought a new stake in American Century Diversified Corporate Bond ETF during the 4th quarter worth about $99,000. Finally, Jones Financial Companies Lllp bought a new stake in American Century Diversified Corporate Bond ETF during the 1st quarter worth about $137,000.

About American Century Diversified Corporate Bond ETF

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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.

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