American Century Select High Yield ETF (NYSEARCA:AHYB) Sees Large Drop in Short Interest

American Century Select High Yield ETF (NYSEARCA:AHYB) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 799 shares, a decrease of 54.9% from the May 31st total of 1,770 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,400 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of American Century Select High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AHYB. Lloyd Advisory Services LLC. purchased a new stake in shares of American Century Select High Yield ETF during the 4th quarter worth approximately $60,000. Jane Street Group LLC purchased a new position in shares of American Century Select High Yield ETF in the 2nd quarter valued at $298,000. Northwestern Mutual Wealth Management Co. grew its position in shares of American Century Select High Yield ETF by 10,352.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,630 shares of the company’s stock valued at $357,000 after buying an additional 7,557 shares during the last quarter. MML Investors Services LLC raised its stake in American Century Select High Yield ETF by 8.0% during the 4th quarter. MML Investors Services LLC now owns 8,232 shares of the company’s stock worth $385,000 after acquiring an additional 613 shares in the last quarter. Finally, Networth Advisors LLC acquired a new stake in American Century Select High Yield ETF during the 4th quarter worth $2,158,000.

American Century Select High Yield ETF Stock Performance

American Century Select High Yield ETF stock opened at $46.23 on Monday. The stock’s fifty day moving average is $46.28 and its two-hundred day moving average is $46.47. American Century Select High Yield ETF has a 1-year low of $45.54 and a 1-year high of $47.06.

American Century Select High Yield ETF Company Profile

The American Century Select High Yield ETF (AHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed portfolio of high-yield corporate bonds with typically 3 to 10 years maturity. AHYB was launched on Nov 16, 2021 and is managed by American Century Investments.