Short Interest in American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) Declines By 90.5%

American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 3,047 shares, a drop of 90.5% from the April 15th total of 32,017 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 28,016 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FDG. JPMorgan Chase & Co. boosted its stake in shares of American Century Focused Dynamic Growth ETF by 304.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,645 shares of the company’s stock valued at $726,000 after purchasing an additional 5,000 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of American Century Focused Dynamic Growth ETF by 246.2% in the 2nd quarter. Bank of America Corp DE now owns 11,103 shares of the company’s stock valued at $1,213,000 after purchasing an additional 7,896 shares during the last quarter. MML Investors Services LLC boosted its stake in shares of American Century Focused Dynamic Growth ETF by 17.1% in the 2nd quarter. MML Investors Services LLC now owns 5,439 shares of the company’s stock valued at $594,000 after purchasing an additional 793 shares during the last quarter. High Falls Advisors Inc bought a new position in shares of American Century Focused Dynamic Growth ETF in the 2nd quarter valued at about $302,000. Finally, Beacon Financial Advisory LLC bought a new position in shares of American Century Focused Dynamic Growth ETF in the 3rd quarter valued at about $219,000.

American Century Focused Dynamic Growth ETF Stock Performance

FDG traded up $0.21 during midday trading on Monday, hitting $136.50. The company had a trading volume of 20,251 shares, compared to its average volume of 21,338. The company has a market capitalization of $402.68 million, a PE ratio of 34.07 and a beta of 1.28. American Century Focused Dynamic Growth ETF has a twelve month low of $98.75 and a twelve month high of $137.45. The firm’s 50-day simple moving average is $122.00 and its 200-day simple moving average is $123.75.

American Century Focused Dynamic Growth ETF Company Profile

The American Century Focused Dynamic Growth ETF (FDG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that invests in a narrow selection of mid- and large-cap growth companies in the US. The fund utilizes the Precidian non-transparent model. FDG was launched on Mar 31, 2020 and is issued by American Century Investments.