American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) Sees Large Drop in Short Interest

American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,408 shares, a decrease of 55.6% from the June 30th total of 14,448 shares. Based on an average daily trading volume, of 9,859 shares, the short-interest ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are short sold.

American Century Focused Dynamic Growth ETF Price Performance

American Century Focused Dynamic Growth ETF stock opened at $120.49 on Thursday. American Century Focused Dynamic Growth ETF has a one year low of $108.74 and a one year high of $141.46. The company’s fifty day moving average price is $132.41 and its two-hundred day moving average price is $126.82. The company has a market capitalization of $375.93 million, a price-to-earnings ratio of 34.07 and a beta of 1.28.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers grew its position in shares of American Century Focused Dynamic Growth ETF by 18.4% in the first quarter. Cetera Investment Advisers now owns 6,930 shares of the company’s stock valued at $790,000 after purchasing an additional 1,077 shares during the last quarter. Advisortrust Partners LLC acquired a new stake in American Century Focused Dynamic Growth ETF in the 1st quarter valued at approximately $135,000. Bank of New York Mellon Corp increased its position in American Century Focused Dynamic Growth ETF by 11.2% in the 1st quarter. Bank of New York Mellon Corp now owns 247,468 shares of the company’s stock worth $28,224,000 after buying an additional 24,932 shares during the period. Geneos Wealth Management Inc. acquired a new position in shares of American Century Focused Dynamic Growth ETF during the first quarter worth approximately $554,000. Finally, Kestra Advisory Services LLC lifted its holdings in shares of American Century Focused Dynamic Growth ETF by 117.6% during the first quarter. Kestra Advisory Services LLC now owns 4,030 shares of the company’s stock worth $460,000 after buying an additional 2,178 shares during the last quarter.

About American Century Focused Dynamic Growth ETF

The American Century Focused Dynamic Growth ETF (FDG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that invests in a narrow selection of mid- and large-cap growth companies in the US. The fund utilizes the Precidian non-transparent model. FDG was launched on Mar 31, 2020 and is issued by American Century Investments.