Short Interest in American Century Select High Yield ETF (NYSEARCA:AHYB) Drops By 49.4%

American Century Select High Yield ETF (NYSEARCA:AHYB) saw a large drop in short interest in May. As of May 29th, there was short interest totaling 1,770 shares, a drop of 49.4% from the May 14th total of 3,498 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,568 shares, the short-interest ratio is presently 0.7 days.

American Century Select High Yield ETF Price Performance

Shares of NYSEARCA AHYB opened at $46.25 on Friday. American Century Select High Yield ETF has a 1-year low of $45.54 and a 1-year high of $47.06. The stock’s 50-day moving average is $46.29 and its 200 day moving average is $46.51.

Hedge Funds Weigh In On American Century Select High Yield ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Networth Advisors LLC purchased a new position in American Century Select High Yield ETF in the 4th quarter worth approximately $2,158,000. Northwestern Mutual Wealth Management Co. increased its stake in American Century Select High Yield ETF by 10,352.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,630 shares of the company’s stock worth $357,000 after purchasing an additional 7,557 shares during the period. Jane Street Group LLC purchased a new position in American Century Select High Yield ETF in the 2nd quarter worth approximately $298,000. Lloyd Advisory Services LLC. purchased a new position in American Century Select High Yield ETF in the 4th quarter worth approximately $60,000. Finally, MML Investors Services LLC increased its stake in American Century Select High Yield ETF by 8.0% in the 4th quarter. MML Investors Services LLC now owns 8,232 shares of the company’s stock worth $385,000 after purchasing an additional 613 shares during the period.

American Century Select High Yield ETF Company Profile

The American Century Select High Yield ETF (AHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed portfolio of high-yield corporate bonds with typically 3 to 10 years maturity. AHYB was launched on Nov 16, 2021 and is managed by American Century Investments.