American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Significant Drop in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 11,415 shares, a drop of 29.2% from the November 30th total of 16,112 shares. Based on an average daily volume of 22,490 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are sold short. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 22,490 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC purchased a new position in shares of American Century Short Duration Strategic Income ETF in the 2nd quarter worth approximately $90,000. Nova Wealth Management Inc. increased its stake in shares of American Century Short Duration Strategic Income ETF by 7,544.4% in the third quarter. Nova Wealth Management Inc. now owns 3,440 shares of the company’s stock worth $178,000 after acquiring an additional 3,395 shares during the period. Weaver Consulting Group raised its stake in shares of American Century Short Duration Strategic Income ETF by 37.6% during the 3rd quarter. Weaver Consulting Group now owns 7,316 shares of the company’s stock valued at $378,000 after buying an additional 2,000 shares during the last quarter. Jane Street Group LLC grew its stake in shares of American Century Short Duration Strategic Income ETF by 242.2% during the 2nd quarter. Jane Street Group LLC now owns 20,188 shares of the company’s stock worth $1,040,000 after purchasing an additional 14,288 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC raised its position in shares of American Century Short Duration Strategic Income ETF by 9.5% in the second quarter. Prevail Innovative Wealth Advisors LLC now owns 22,447 shares of the company’s stock worth $1,156,000 after acquiring an additional 1,939 shares during the period.

American Century Short Duration Strategic Income ETF Trading Down 0.0%

SDSI stock traded down $0.01 during trading on Monday, reaching $51.56. The company’s stock had a trading volume of 1,840 shares, compared to its average volume of 17,218. The company’s fifty day moving average is $51.62 and its 200-day moving average is $51.52. American Century Short Duration Strategic Income ETF has a 1 year low of $46.99 and a 1 year high of $51.95.

American Century Short Duration Strategic Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, December 18th. Stockholders of record on Tuesday, December 16th were paid a dividend of $0.2582 per share. This is a positive change from American Century Short Duration Strategic Income ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, December 16th.

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.