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

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 13,510 shares, an increase of 175.7% from the November 30th total of 4,900 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 56,095 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 56,095 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

American Century Diversified Corporate Bond ETF Stock Performance

Shares of NYSEARCA KORP traded down $0.03 during mid-day trading on Friday, reaching $47.35. 26,040 shares of the company traded hands, compared to its average volume of 62,764. The company’s fifty day moving average is $47.53 and its two-hundred day moving average is $47.23. American Century Diversified Corporate Bond ETF has a fifty-two week low of $44.81 and a fifty-two week high of $48.16.

Hedge Funds Weigh In On American Century Diversified Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the company. Gallagher Fiduciary Advisors LLC acquired a new stake in American Century Diversified Corporate Bond ETF during the second quarter worth $45,308,000. Atria Investments Inc acquired a new stake in shares of American Century Diversified Corporate Bond ETF during the 2nd quarter valued at about $45,118,000. Flaharty Asset Management LLC bought a new stake in American Century Diversified Corporate Bond ETF in the third quarter valued at about $30,426,000. ARQ Wealth Advisors LLC acquired a new position in American Century Diversified Corporate Bond ETF in the second quarter worth about $9,821,000. Finally, PNC Financial Services Group Inc. boosted its holdings in American Century Diversified Corporate Bond ETF by 62.0% during the third quarter. PNC Financial Services Group Inc. now owns 516,948 shares of the company’s stock valued at $24,607,000 after purchasing an additional 197,904 shares in the last quarter.

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.