American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Short Interest Update

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 42,741 shares, a growth of 97.1% from the May 31st total of 21,683 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 151,321 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On American Century Diversified Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of American Century Diversified Corporate Bond ETF by 283.2% during the 1st quarter. Bank of America Corp DE now owns 177,797 shares of the company’s stock valued at $8,287,000 after acquiring an additional 131,399 shares during the last quarter. PNC Financial Services Group Inc. increased its position in American Century Diversified Corporate Bond ETF by 25.3% during the first quarter. PNC Financial Services Group Inc. now owns 989,755 shares of the company’s stock worth $46,132,000 after purchasing an additional 199,693 shares during the last quarter. D.A. Davidson & CO. raised its stake in American Century Diversified Corporate Bond ETF by 8.3% during the first quarter. D.A. Davidson & CO. now owns 95,652 shares of the company’s stock worth $4,458,000 after purchasing an additional 7,298 shares during the period. Fifth Third Bancorp acquired a new position in shares of American Century Diversified Corporate Bond ETF in the 1st quarter valued at $151,000. Finally, Burford Brothers Inc. purchased a new stake in shares of American Century Diversified Corporate Bond ETF during the 1st quarter valued at $283,000.

American Century Diversified Corporate Bond ETF Stock Down 0.1%

KORP stock traded down $0.03 during midday trading on Wednesday, hitting $46.82. The stock had a trading volume of 33,713 shares, compared to its average volume of 102,662. The company’s 50-day moving average price is $46.72 and its 200 day moving average price is $47.05. American Century Diversified Corporate Bond ETF has a 12-month low of $46.03 and a 12-month high of $48.16.

About American Century Diversified Corporate Bond ETF

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.