American Century Multisector Floating Income ETF (NYSEARCA:FUSI) Sees Large Increase in Short Interest

American Century Multisector Floating Income ETF (NYSEARCA:FUSI) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 9,537 shares, an increase of 85.1% from the May 14th total of 5,151 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 3,678 shares, the days-to-cover ratio is currently 2.6 days.

American Century Multisector Floating Income ETF Price Performance

NYSEARCA FUSI traded up $0.04 on Monday, reaching $50.60. 145 shares of the stock were exchanged, compared to its average volume of 2,029. American Century Multisector Floating Income ETF has a one year low of $50.10 and a one year high of $50.91. The company’s 50-day simple moving average is $50.42 and its two-hundred day simple moving average is $50.40.

Institutional Trading of American Century Multisector Floating Income ETF

Several institutional investors and hedge funds have recently modified their holdings of FUSI. Kestra Advisory Services LLC purchased a new position in shares of American Century Multisector Floating Income ETF during the 4th quarter valued at $69,000. Jane Street Group LLC boosted its holdings in American Century Multisector Floating Income ETF by 325.2% in the 2nd quarter. Jane Street Group LLC now owns 19,526 shares of the company’s stock worth $989,000 after buying an additional 14,934 shares during the period. Weaver Consulting Group increased its stake in American Century Multisector Floating Income ETF by 17.2% in the 3rd quarter. Weaver Consulting Group now owns 36,767 shares of the company’s stock worth $1,867,000 after buying an additional 5,408 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in American Century Multisector Floating Income ETF by 56.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 41,957 shares of the company’s stock worth $2,131,000 after buying an additional 15,189 shares in the last quarter.

American Century Multisector Floating Income ETF Company Profile

The American Century Multisector Floating Income ETF (FUSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a global bond portfolio of primarily investment grade, floating rate securities. FUSI was launched on Mar 14, 2023 and is managed by American Century Investments.