American Century Multisector Floating Income ETF (NYSEARCA:FUSI) Short Interest Up 85.1% in May

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

American Century Multisector Floating Income ETF Stock Performance

Shares of FUSI traded up $0.04 on Monday, reaching $50.60. The company’s stock had a trading volume of 145 shares, compared to its average volume of 2,029. The stock’s 50 day simple moving average is $50.42 and its two-hundred day simple moving average is $50.40. American Century Multisector Floating Income ETF has a 12-month low of $50.10 and a 12-month high of $50.91.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FUSI. Jane Street Group LLC increased its stake in shares of American Century Multisector Floating Income ETF by 195.0% in the 4th quarter. Jane Street Group LLC now owns 44,453 shares of the company’s stock worth $2,237,000 after purchasing an additional 29,382 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in American Century Multisector Floating Income ETF by 56.7% during the third quarter. Envestnet Asset Management Inc. now owns 41,957 shares of the company’s stock valued at $2,131,000 after purchasing an additional 15,189 shares during the period. Weaver Consulting Group grew its holdings in American Century Multisector Floating Income ETF by 17.2% during the third quarter. Weaver Consulting Group now owns 36,767 shares of the company’s stock valued at $1,867,000 after purchasing an additional 5,408 shares during the period. Finally, Kestra Advisory Services LLC purchased a new stake in American Century Multisector Floating Income ETF in the fourth quarter worth about $69,000.

About American Century Multisector Floating Income ETF

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.