American Century Short Duration Strategic Income ETF (NASDAQ:SDSI – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 42,084 shares, an increase of 76.2% from the September 30th total of 23,889 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 89,839 shares, the short-interest ratio is presently 0.5 days.
American Century Short Duration Strategic Income ETF Price Performance
Shares of SDSI remained flat at $50.69 during mid-day trading on Monday. The stock had a trading volume of 53,652 shares, compared to its average volume of 32,145. American Century Short Duration Strategic Income ETF has a 52 week low of $50.16 and a 52 week high of $52.04. The stock has a 50 day simple moving average of $50.72 and a 200 day simple moving average of $51.22.
American Century Short Duration Strategic Income ETF Cuts Dividend
The business also recently disclosed a monthly dividend, which was paid on Thursday, October 8th. Stockholders of record on Tuesday, October 6th were paid a $0.1812 dividend. The ex-dividend date was Tuesday, October 6th. This represents a $2.17 annualized dividend and a dividend yield of 4.3%. This is a decrease from American Century Short Duration Strategic Income ETF’s previous monthly dividend of $0.1870.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Round Rock Advisors LLC grew its stake in American Century Short Duration Strategic Income ETF by 12.7% in the 2nd quarter. Round Rock Advisors LLC now owns 324,038 shares of the company’s stock valued at $16,639,000 after purchasing an additional 36,516 shares during the period. Simplicity Wealth LLC bought a new position in shares of American Century Short Duration Strategic Income ETF in the third quarter valued at approximately $9,844,000. Kestra Private Wealth Services LLC raised its stake in American Century Short Duration Strategic Income ETF by 117.9% in the third quarter. Kestra Private Wealth Services LLC now owns 103,021 shares of the company’s stock valued at $5,207,000 after purchasing an additional 55,743 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of American Century Short Duration Strategic Income ETF by 30.1% in the 3rd quarter. IFP Advisors Inc now owns 83,015 shares of the company’s stock worth $4,196,000 after acquiring an additional 19,206 shares during the last quarter. Finally, Clearview Wealth Management LLC increased its holdings in shares of American Century Short Duration Strategic Income ETF by 6.6% in the third quarter. Clearview Wealth Management LLC now owns 55,586 shares of the company’s stock worth $2,809,000 after buying an additional 3,431 shares during the period.
About American Century Short Duration Strategic Income ETF
The American Century Short Duration Strategic Income ETF (SDSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a broad portfolio of short-duration fixed income securities. The fund seeks to mitigate the impact of rising interest rates. SDSI was launched on Oct 11, 2022 and is managed by American Century Investments.
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