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

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 18,317 shares, a decrease of 93.9% from the April 30th total of 300,671 shares. Based on an average daily trading volume, of 12,046 shares, the days-to-cover ratio is presently 1.5 days. Currently, 0.5% of the company’s shares are short sold.

American Century Short Duration Strategic Income ETF Stock Performance

Shares of American Century Short Duration Strategic Income ETF stock traded up $0.07 on Thursday, hitting $51.42. The stock had a trading volume of 3,414 shares, compared to its average volume of 21,548. The stock has a 50 day moving average of $51.30 and a 200 day moving average of $51.52. American Century Short Duration Strategic Income ETF has a twelve month low of $50.97 and a twelve month high of $52.04.

American Century Short Duration Strategic Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Steward Partners Investment Advisory LLC bought a new position in American Century Short Duration Strategic Income ETF during the 4th quarter worth approximately $127,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of American Century Short Duration Strategic Income ETF during the first quarter worth $227,000. Beacon Financial Advisory LLC bought a new position in American Century Short Duration Strategic Income ETF during the first quarter worth $231,000. Weaver Consulting Group lifted its holdings in American Century Short Duration Strategic Income ETF by 37.6% in the third quarter. Weaver Consulting Group now owns 7,316 shares of the company’s stock valued at $378,000 after buying an additional 2,000 shares during the period. Finally, Peak Planning Group LLC acquired a new position in American Century Short Duration Strategic Income ETF in the fourth quarter valued at $536,000.

American Century Short Duration Strategic Income ETF Company Profile

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.