Short Interest in American Century Multisector Income ETF (NYSEARCA:MUSI) Increases By 652.6%

American Century Multisector Income ETF (NYSEARCA:MUSI) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 34,761 shares, an increase of 652.6% from the May 14th total of 4,619 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average daily volume of 32,461 shares, the days-to-cover ratio is currently 1.1 days.

American Century Multisector Income ETF Stock Performance

Shares of MUSI traded down $0.07 during mid-day trading on Wednesday, reaching $43.38. The stock had a trading volume of 25,730 shares, compared to its average volume of 16,202. American Century Multisector Income ETF has a 12 month low of $43.15 and a 12 month high of $44.80. The business has a fifty day moving average of $43.71 and a 200 day moving average of $44.04.

Hedge Funds Weigh In On American Century Multisector Income ETF

A number of hedge funds have recently modified their holdings of the company. American Century Companies Inc. boosted its position in shares of American Century Multisector Income ETF by 4.5% in the third quarter. American Century Companies Inc. now owns 2,061,177 shares of the company’s stock worth $91,568,000 after purchasing an additional 88,536 shares during the period. Condor Capital Management boosted its position in shares of American Century Multisector Income ETF by 3.5% during the fourth quarter. Condor Capital Management now owns 407,883 shares of the company’s stock worth $18,012,000 after acquiring an additional 13,720 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of American Century Multisector Income ETF by 37.8% during the third quarter. Envestnet Asset Management Inc. now owns 229,308 shares of the company’s stock worth $10,187,000 after acquiring an additional 62,871 shares during the last quarter. LPL Financial LLC boosted its position in shares of American Century Multisector Income ETF by 13.3% during the fourth quarter. LPL Financial LLC now owns 189,884 shares of the company’s stock worth $8,385,000 after acquiring an additional 22,225 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of American Century Multisector Income ETF by 59.8% during the third quarter. Raymond James Financial Inc. now owns 111,068 shares of the company’s stock worth $4,934,000 after acquiring an additional 41,567 shares during the last quarter.

About American Century Multisector Income ETF

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.