American Century Multisector Income ETF (NYSEARCA:MUSI) Sees Significant Drop in Short Interest

American Century Multisector Income ETF (NYSEARCA:MUSI) saw a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 11,721 shares, a drop of 66.3% from the May 31st total of 34,761 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 21,257 shares, the short-interest ratio is presently 0.6 days.

American Century Multisector Income ETF Price Performance

American Century Multisector Income ETF stock traded up $0.06 during trading hours on Friday, hitting $43.85. The company had a trading volume of 11,247 shares, compared to its average volume of 16,123. American Century Multisector Income ETF has a 1 year low of $43.15 and a 1 year high of $44.80. The company has a 50-day moving average price of $43.67 and a two-hundred day moving average price of $43.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. JM2 Capital Inc. purchased a new position in American Century Multisector Income ETF in the 4th quarter worth approximately $211,000. Osaic Holdings Inc. increased its stake in shares of 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 acquiring an additional 746 shares during the last quarter. Kestra Advisory Services LLC increased its stake in shares of 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 acquiring an additional 761 shares during the last quarter. Flynn Zito Capital Management LLC boosted its position in shares of American Century Multisector Income ETF by 6.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 15,514 shares of the company’s stock valued at $685,000 after acquiring an additional 996 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in American Century Multisector Income ETF by 1.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,342 shares of the company’s stock worth $854,000 after purchasing an additional 326 shares during the last quarter.

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.