American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Significant Increase in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 300,671 shares, an increase of 3,530.0% from the April 15th total of 8,283 shares. Currently, 8.0% of the company’s stock are short sold. Based on an average trading volume of 45,078 shares, the short-interest ratio is presently 6.7 days.

American Century Short Duration Strategic Income ETF Price Performance

SDSI remained flat at $51.26 during trading on Wednesday. 2,776 shares of the company’s stock traded hands, compared to its average volume of 21,632. American Century Short Duration Strategic Income ETF has a 52 week low of $50.90 and a 52 week high of $52.04. The business’s fifty day simple moving average is $51.35 and its 200 day simple moving average is $51.56.

American Century Short Duration Strategic Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 8th. Stockholders of record on Wednesday, May 6th were issued a dividend of $0.1753 per share. The ex-dividend date was Wednesday, May 6th.

Hedge Funds Weigh In On American Century Short Duration Strategic Income ETF

Several hedge funds have recently modified their holdings of SDSI. Beacon Financial Advisory LLC acquired a new stake in American Century Short Duration Strategic Income ETF during the 1st quarter worth about $231,000. Kestra Private Wealth Services LLC lifted its position in American Century Short Duration Strategic Income ETF by 26.9% during the 1st quarter. Kestra Private Wealth Services LLC now owns 14,373 shares of the company’s stock worth $737,000 after acquiring an additional 3,043 shares during the period. Nations Financial Group Inc. IA ADV acquired a new stake in American Century Short Duration Strategic Income ETF during the 1st quarter worth about $227,000. Rockefeller Capital Management L.P. lifted its position in American Century Short Duration Strategic Income ETF by 22.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 19,283 shares of the company’s stock worth $995,000 after acquiring an additional 3,523 shares during the period. Finally, Kestra Advisory Services LLC lifted its position in American Century Short Duration Strategic Income ETF by 7.5% during the 4th quarter. Kestra Advisory Services LLC now owns 13,908 shares of the company’s stock worth $717,000 after acquiring an additional 974 shares during the period.

About American Century Short Duration Strategic Income ETF

The American Century Short Duration Strategic Income ETF (SDSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a broad portfolio of short-duration fixed income securities. The fund seeks to mitigate the impact of rising interest rates. SDSI was launched on Oct 11, 2022 and is managed by American Century Investments.