American Century Select High Yield ETF (NYSEARCA:AHYB) Sees Large Drop in Short Interest

American Century Select High Yield ETF (NYSEARCA:AHYB) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 2,224 shares, a drop of 62.5% from the August 15th total of 5,932 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 2,610 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. MML Investors Services LLC grew its holdings in American Century Select High Yield ETF by 8.0% during the fourth quarter. MML Investors Services LLC now owns 8,232 shares of the company’s stock valued at $385,000 after purchasing an additional 613 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of American Century Select High Yield ETF during the 4th quarter valued at approximately $60,000. Networth Advisors LLC grew its stake in shares of American Century Select High Yield ETF by 6.1% during the 1st quarter. Networth Advisors LLC now owns 48,958 shares of the company’s stock valued at $2,255,000 after acquiring an additional 2,794 shares during the period. Jane Street Group LLC purchased a new stake in American Century Select High Yield ETF in the 2nd quarter worth approximately $298,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings 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 acquiring an additional 7,557 shares in the last quarter.

American Century Select High Yield ETF Stock Performance

NYSEARCA AHYB traded up $0.01 during trading hours on Friday, hitting $45.48. 2,984 shares of the company’s stock traded hands, compared to its average volume of 2,784. American Century Select High Yield ETF has a 52 week low of $45.47 and a 52 week high of $47.06. The business’s fifty day moving average price is $45.95 and its two-hundred day moving average price is $46.17.

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.