American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Sees Significant Decrease in Short Interest

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) saw a large drop in short interest in the month of October. As of October 30th, there was short interest totaling 11,770 shares, a drop of 66.3% from the October 15th total of 34,974 shares. Based on an average trading volume of 176,333 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

American Century Diversified Corporate Bond ETF Stock Down 0.7%

NYSEARCA KORP opened at $44.64 on Friday. The stock has a 50-day moving average of $44.94 and a two-hundred day moving average of $46.26. American Century Diversified Corporate Bond ETF has a 1-year low of $44.08 and a 1-year high of $47.92.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. acquired a new stake in shares of American Century Diversified Corporate Bond ETF in the third quarter valued at $733,000. Independent Advisor Alliance grew its stake in American Century Diversified Corporate Bond ETF by 29.5% during the 3rd quarter. Independent Advisor Alliance now owns 27,834 shares of the company’s stock worth $1,258,000 after purchasing an additional 6,339 shares in the last quarter. Thoroughbred Financial Services LLC purchased a new stake in American Century Diversified Corporate Bond ETF during the 3rd quarter worth about $269,000. Fifth Third Bancorp increased its holdings in American Century Diversified Corporate Bond ETF by 90.9% during the 3rd quarter. Fifth Third Bancorp now owns 6,288 shares of the company’s stock worth $279,000 after purchasing an additional 2,994 shares during the period. Finally, Kestra Advisory Services LLC increased its holdings in American Century Diversified Corporate Bond ETF by 14.3% during the 3rd quarter. Kestra Advisory Services LLC now owns 210,824 shares of the company’s stock worth $9,352,000 after purchasing an additional 26,446 shares during the period.

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.