American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Short Interest Update

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 42,741 shares, a growth of 97.1% from the May 31st total of 21,683 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 151,321 shares, the days-to-cover ratio is currently 0.3 days.

Hedge Funds Weigh In On American Century Diversified Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in shares of American Century Diversified Corporate Bond ETF by 25.3% during the first quarter. PNC Financial Services Group Inc. now owns 989,755 shares of the company’s stock valued at $46,132,000 after acquiring an additional 199,693 shares during the last quarter. Flaharty Asset Management LLC raised its stake in American Century Diversified Corporate Bond ETF by 4.3% in the 4th quarter. Flaharty Asset Management LLC now owns 666,494 shares of the company’s stock valued at $31,492,000 after purchasing an additional 27,330 shares during the last quarter. LPL Financial LLC lifted its holdings in American Century Diversified Corporate Bond ETF by 12.2% in the 4th quarter. LPL Financial LLC now owns 643,815 shares of the company’s stock valued at $30,420,000 after purchasing an additional 70,115 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of American Century Diversified Corporate Bond ETF by 1.7% during the 4th quarter. Royal Bank of Canada now owns 368,013 shares of the company’s stock worth $17,389,000 after purchasing an additional 5,987 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of American Century Diversified Corporate Bond ETF by 5.8% during the 4th quarter. Wells Fargo & Company MN now owns 328,068 shares of the company’s stock worth $15,501,000 after purchasing an additional 17,949 shares during the last quarter.

American Century Diversified Corporate Bond ETF Trading Down 0.1%

Shares of KORP traded down $0.03 during mid-day trading on Wednesday, reaching $46.82. 33,713 shares of the company’s stock were exchanged, compared to its average volume of 102,662. American Century Diversified Corporate Bond ETF has a 52-week low of $46.03 and a 52-week high of $48.16. The company has a 50-day simple moving average of $46.72 and a two-hundred day simple moving average of $47.05.

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.