American Century Select High Yield ETF (NYSEARCA:AHYB) Stock Short Interest Drops 40.1%

American Century Select High Yield ETF (NYSEARCA:AHYB) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,332 shares, a drop of 40.1% from the August 31st total of 2,224 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 3,130 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of American Century Select High Yield ETF

A hedge fund recently raised its stake in American Century Select High Yield ETF stock. Envestnet Asset Management Inc. boosted its holdings in American Century Select High Yield ETF (NYSEARCA:AHYB) by 3.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,051,058 shares of the company’s stock after purchasing an additional 33,865 shares during the quarter. Envestnet Asset Management Inc. owned 77.86% of American Century Select High Yield ETF worth $48,653,000 at the end of the most recent reporting period.

American Century Select High Yield ETF Stock Performance

NYSEARCA:AHYB opened at $44.90 on Wednesday. The stock’s 50 day moving average price is $45.76 and its two-hundred day moving average price is $46.05. American Century Select High Yield ETF has a 12-month low of $44.78 and a 12-month 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.