Short Interest in American Century Multisector Income ETF (NYSEARCA:MUSI) Grows By 652.6%

American Century Multisector Income ETF (NYSEARCA:MUSI) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 34,761 shares, an increase of 652.6% from the May 14th total of 4,619 shares. Based on an average daily volume of 32,461 shares, the short-interest ratio is presently 1.1 days. Currently, 0.7% of the company’s stock are short sold.

Institutional Trading of American Century Multisector Income ETF

Institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans purchased a new position in shares of American Century Multisector Income ETF in the 3rd quarter worth $212,000. JM2 Capital Inc. purchased a new position in shares of American Century Multisector Income ETF in the 4th quarter worth $211,000. Osaic Holdings Inc. raised its holdings in American Century Multisector Income ETF by 11.5% in the 4th quarter. Osaic Holdings Inc. now owns 7,226 shares of the company’s stock worth $319,000 after purchasing an additional 746 shares during the period. Kestra Advisory Services LLC raised its holdings in American Century Multisector Income ETF by 7.2% in the 4th quarter. Kestra Advisory Services LLC now owns 11,329 shares of the company’s stock worth $500,000 after purchasing an additional 761 shares during the period. Finally, Flynn Zito Capital Management LLC raised its holdings in American Century Multisector Income ETF by 6.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 15,514 shares of the company’s stock worth $685,000 after purchasing an additional 996 shares during the period.

American Century Multisector Income ETF Stock Performance

MUSI traded up $0.25 during trading on Thursday, hitting $43.63. 44,001 shares of the company’s stock traded hands, compared to its average volume of 16,452. The company’s 50 day simple moving average is $43.70 and its two-hundred day simple moving average is $44.04. American Century Multisector Income ETF has a 12-month low of $43.15 and a 12-month high of $44.80.

About American Century Multisector Income ETF

The American Century Multisector Income ETF (MUSI) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund seeks to provide a high level of current income via an actively managed broad-based, global bond portfolio without a specific target duration. MUSI was launched on Jun 29, 2021 and is managed by American Century Investments.