Short Interest in American Century Multisector Income ETF (NYSEARCA:MUSI) Drops By 29.6%

American Century Multisector Income ETF (NYSEARCA:MUSI) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 9,500 shares, a decline of 29.6% from the September 30th total of 13,500 shares. Based on an average daily trading volume, of 23,000 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 23,000 shares, the days-to-cover ratio is currently 0.4 days.

American Century Multisector Income ETF Price Performance

Shares of American Century Multisector Income ETF stock traded up $0.10 on Tuesday, reaching $44.23. The stock had a trading volume of 7,017 shares, compared to its average volume of 15,686. The business’s 50-day moving average price is $44.38 and its two-hundred day moving average price is $43.89. American Century Multisector Income ETF has a fifty-two week low of $41.78 and a fifty-two week high of $44.75.

Institutional Trading of American Century Multisector Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its position in shares of American Century Multisector Income ETF by 9.9% in the first quarter. Envestnet Asset Management Inc. now owns 167,212 shares of the company’s stock valued at $7,314,000 after acquiring an additional 15,126 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of American Century Multisector Income ETF in the first quarter valued at approximately $1,229,000. Slagle Financial LLC boosted its position in shares of American Century Multisector Income ETF by 7.9% in the first quarter. Slagle Financial LLC now owns 42,254 shares of the company’s stock valued at $1,848,000 after acquiring an additional 3,108 shares during the period. Fortis Group Advisors LLC boosted its position in shares of American Century Multisector Income ETF by 20.7% in the first quarter. Fortis Group Advisors LLC now owns 46,811 shares of the company’s stock valued at $2,048,000 after acquiring an additional 8,018 shares during the period. Finally, IFP Advisors Inc boosted its position in shares of American Century Multisector Income ETF by 2.6% in the first quarter. IFP Advisors Inc now owns 25,737 shares of the company’s stock valued at $1,126,000 after acquiring an additional 642 shares during the period.

American Century Multisector Income ETF Company Profile

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.