American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Large Drop in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the target of a large drop in short interest in March. As of March 31st, there was short interest totalling 3,900 shares, a drop of 61.4% from the March 15th total of 10,100 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 12,400 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SDSI. HighTower Advisors LLC acquired a new position in shares of American Century Short Duration Strategic Income ETF in the fourth quarter valued at approximately $9,025,000. Envestnet Asset Management Inc. grew its stake in American Century Short Duration Strategic Income ETF by 46.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 45,278 shares of the company’s stock worth $2,303,000 after acquiring an additional 14,260 shares during the period. TAP Consulting LLC acquired a new position in American Century Short Duration Strategic Income ETF in the 4th quarter valued at $1,554,000. IFP Advisors Inc lifted its stake in shares of American Century Short Duration Strategic Income ETF by 40.6% during the 4th quarter. IFP Advisors Inc now owns 15,342 shares of the company’s stock worth $780,000 after purchasing an additional 4,433 shares during the period. Finally, Unique Wealth LLC boosted its holdings in shares of American Century Short Duration Strategic Income ETF by 45.3% during the fourth quarter. Unique Wealth LLC now owns 15,090 shares of the company’s stock worth $767,000 after purchasing an additional 4,702 shares during the last quarter.

American Century Short Duration Strategic Income ETF Price Performance

NASDAQ:SDSI traded up $0.04 during trading hours on Wednesday, reaching $50.86. 689 shares of the company traded hands, compared to its average volume of 8,778. American Century Short Duration Strategic Income ETF has a 1-year low of $46.99 and a 1-year high of $52.01. The firm’s 50-day moving average is $51.11 and its 200-day moving average is $51.12.

American Century Short Duration Strategic Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 3rd. Investors of record on Tuesday, April 1st were given a dividend of $0.2062 per share. The ex-dividend date was Tuesday, April 1st.

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.