American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Significant Growth in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 20,610 shares, an increase of 113.7% from the December 31st total of 9,646 shares. Based on an average daily trading volume, of 23,170 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 23,170 shares, the days-to-cover ratio is currently 0.9 days.

American Century Short Duration Strategic Income ETF Stock Performance

Shares of NASDAQ:SDSI traded down $0.01 during midday trading on Friday, hitting $51.80. 415 shares of the company’s stock traded hands, compared to its average volume of 21,201. The firm’s fifty day moving average price is $51.63 and its two-hundred day moving average price is $51.59. American Century Short Duration Strategic Income ETF has a twelve month low of $46.99 and a twelve month high of $51.95.

American Century Short Duration Strategic Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 16th were given a $0.2582 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from American Century Short Duration Strategic Income ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a dividend yield of 6.0%.

Hedge Funds Weigh In On American Century Short Duration Strategic Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SDSI. American Century Companies Inc. raised its stake in shares of American Century Short Duration Strategic Income ETF by 67.2% during the third quarter. American Century Companies Inc. now owns 940,051 shares of the company’s stock valued at $48,605,000 after purchasing an additional 377,775 shares during the period. Round Rock Advisors LLC boosted its position in American Century Short Duration Strategic Income ETF by 42.2% in the 4th quarter. Round Rock Advisors LLC now owns 237,893 shares of the company’s stock valued at $12,271,000 after buying an additional 70,614 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of American Century Short Duration Strategic Income ETF by 4.6% during the third quarter. HighTower Advisors LLC now owns 128,293 shares of the company’s stock valued at $6,633,000 after acquiring an additional 5,681 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of American Century Short Duration Strategic Income ETF by 56.8% during the third quarter. Envestnet Asset Management Inc. now owns 79,017 shares of the company’s stock worth $4,086,000 after acquiring an additional 28,617 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in American Century Short Duration Strategic Income ETF by 63.8% in the second quarter. Osaic Holdings Inc. now owns 40,053 shares of the company’s stock valued at $2,063,000 after purchasing an additional 15,606 shares during the last quarter.

American Century Short Duration Strategic Income ETF Company Profile

The American Century Short Duration Strategic Income ETF (SDSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a broad portfolio of short-duration fixed income securities. The fund seeks to mitigate the impact of rising interest rates. SDSI was launched on Oct 11, 2022 and is managed by American Century Investments.