American Century Select High Yield ETF (NYSEARCA:AHYB) Short Interest Update

American Century Select High Yield ETF (NYSEARCA:AHYB) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 2,285 shares, a decline of 12.8% from the February 12th total of 2,621 shares. Based on an average daily volume of 1,995 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,995 shares, the days-to-cover ratio is presently 1.1 days.

American Century Select High Yield ETF Price Performance

NYSEARCA:AHYB remained flat at $46.01 during trading hours on Tuesday. 2,108 shares of the company’s stock were exchanged, compared to its average volume of 2,778. American Century Select High Yield ETF has a 12 month low of $43.55 and a 12 month high of $47.06. The company’s 50-day moving average is $46.75 and its 200 day moving average is $46.71.

American Century Select High Yield ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Thursday, February 5th were issued a dividend of $0.249 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date was Thursday, February 5th. This is a positive change from American Century Select High Yield ETF’s previous monthly dividend of $0.21.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC purchased a new stake in American Century Select High Yield ETF during the second quarter valued at about $298,000. AE Wealth Management LLC raised its holdings in shares of American Century Select High Yield ETF by 35.0% in the 3rd quarter. AE Wealth Management LLC now owns 10,044 shares of the company’s stock worth $471,000 after purchasing an additional 2,604 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of American Century Select High Yield ETF by 41.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 856,406 shares of the company’s stock worth $40,157,000 after purchasing an additional 250,814 shares during the period. Networth Advisors LLC acquired a new position in shares of American Century Select High Yield ETF in the 4th quarter valued at about $2,158,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of American Century Select High Yield ETF in the 4th quarter valued at about $60,000.

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.