American Century Multisector Income ETF (NYSEARCA:MUSI) Short Interest Up 50.4% in August

American Century Multisector Income ETF (NYSEARCA:MUSI) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 40,404 shares, an increase of 50.4% from the July 30th total of 26,863 shares. Based on an average trading volume of 38,345 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.7% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Condor Capital Management increased 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. Fortis Group Advisors LLC boosted its position in shares of American Century Multisector Income ETF by 1.9% during the 4th quarter. Fortis Group Advisors LLC now owns 32,842 shares of the company’s stock worth $1,456,000 after purchasing an additional 611 shares in the last quarter. Flynn Zito Capital Management LLC grew its stake in shares of American Century Multisector Income ETF by 6.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 15,514 shares of the company’s stock valued at $685,000 after buying an additional 996 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of American Century Multisector Income ETF in the 2nd quarter valued at about $866,000. Finally, Raymond James Financial Inc. increased its position in 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 buying an additional 4,163 shares in the last quarter.

American Century Multisector Income ETF Stock Performance

Shares of MUSI stock remained flat at $42.99 during trading hours on Wednesday. 945 shares of the stock traded hands, compared to its average volume of 18,073. The firm has a 50 day moving average price of $43.33 and a 200 day moving average price of $43.67. American Century Multisector Income ETF has a 12-month low of $42.99 and a 12-month high of $44.80.

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.