American Century Multisector Income ETF (NYSEARCA:MUSI) Sees Significant Increase in Short Interest

American Century Multisector Income ETF (NYSEARCA:MUSI) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 22,353 shares, a growth of 90.7% from the June 15th total of 11,721 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 14,090 shares, the days-to-cover ratio is currently 1.6 days.

American Century Multisector Income ETF Stock Performance

Shares of MUSI stock traded up $0.03 during trading on Friday, reaching $43.44. The company’s stock had a trading volume of 2,870 shares, compared to its average volume of 16,381. American Century Multisector Income ETF has a one year low of $43.15 and a one year high of $44.80. The business has a fifty day moving average price of $43.57 and a 200-day moving average price of $43.92.

Institutional Investors Weigh In On American Century Multisector Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its holdings in shares of American Century Multisector Income ETF by 6.4% in the 2nd quarter. Raymond James Financial Inc. now owns 69,501 shares of the company’s stock valued at $3,064,000 after acquiring an additional 4,163 shares in the last quarter. JM2 Capital Inc. bought a new stake in American Century Multisector Income ETF during the fourth quarter worth about $211,000. Flynn Zito Capital Management LLC boosted its position in American Century Multisector Income ETF by 6.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 15,514 shares of the company’s stock valued at $685,000 after purchasing an additional 996 shares during the last quarter. Fortis Group Advisors LLC boosted its position in American Century Multisector Income ETF by 1.9% during the fourth quarter. Fortis Group Advisors LLC now owns 32,842 shares of the company’s stock valued at $1,456,000 after purchasing an additional 611 shares during the last quarter. Finally, Condor Capital Management grew its stake in American Century Multisector Income ETF by 3.5% in the fourth quarter. Condor Capital Management now owns 407,883 shares of the company’s stock valued at $18,012,000 after purchasing an additional 13,720 shares in the last quarter.

American Century Multisector Income ETF Company Profile

The American Century Multisector Income ETF (MUSI) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund seeks to provide a high level of current income via an actively managed broad-based, global bond portfolio without a specific target duration. MUSI was launched on Jun 29, 2021 and is managed by American Century Investments.