American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Short Interest Up 539.9% in August

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 39,646 shares, a growth of 539.9% from the July 30th total of 6,196 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 87,133 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KORP. PNC Financial Services Group Inc. lifted its stake in American Century Diversified Corporate Bond ETF by 25.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 989,755 shares of the company’s stock valued at $46,132,000 after acquiring an additional 199,693 shares during the period. Flaharty Asset Management LLC increased its stake in shares of American Century Diversified Corporate Bond ETF by 4.3% in the fourth quarter. Flaharty Asset Management LLC now owns 666,494 shares of the company’s stock worth $31,492,000 after acquiring an additional 27,330 shares during the period. LPL Financial LLC increased its stake in shares of American Century Diversified Corporate Bond ETF by 12.2% in the fourth quarter. LPL Financial LLC now owns 643,815 shares of the company’s stock worth $30,420,000 after acquiring an additional 70,115 shares during the period. Royal Bank of Canada lifted its position in American Century Diversified Corporate Bond ETF by 1.7% during the fourth quarter. Royal Bank of Canada now owns 368,013 shares of the company’s stock valued at $17,389,000 after purchasing an additional 5,987 shares during the period. Finally, Wells Fargo & Company MN lifted its position in American Century Diversified Corporate Bond ETF by 5.8% during the fourth quarter. Wells Fargo & Company MN now owns 328,068 shares of the company’s stock valued at $15,501,000 after purchasing an additional 17,949 shares during the period.

American Century Diversified Corporate Bond ETF Stock Performance

KORP stock traded down $0.03 during midday trading on Thursday, reaching $46.05. The stock had a trading volume of 55,810 shares, compared to its average volume of 101,016. The firm has a fifty day simple moving average of $46.25 and a two-hundred day simple moving average of $46.69. American Century Diversified Corporate Bond ETF has a 52-week low of $45.66 and a 52-week high of $48.16.

American Century Diversified Corporate Bond ETF Company Profile

The American Century Diversified Corporate Bond ETF (KORP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed, U.S. denominated portfolio of corporate debt securities and investments KORP was launched on Jan 11, 2018 and is managed by American Century Investments.