American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Short Interest Up 3,530.0% in April

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the recipient of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 300,671 shares, an increase of 3,530.0% from the April 15th total of 8,283 shares. Based on an average trading volume of 45,078 shares, the short-interest ratio is currently 6.7 days. Approximately 8.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On American Century Short Duration Strategic Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC bought a new position in American Century Short Duration Strategic Income ETF during the 4th quarter worth $127,000. Nations Financial Group Inc. IA ADV bought a new position in American Century Short Duration Strategic Income ETF during the 1st quarter worth $227,000. Beacon Financial Advisory LLC bought a new position in American Century Short Duration Strategic Income ETF during the 1st quarter worth $231,000. Weaver Consulting Group increased its stake in 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 worth $378,000 after acquiring an additional 2,000 shares during the period. Finally, Peak Planning Group LLC bought a new position in American Century Short Duration Strategic Income ETF during the 4th quarter worth $536,000.

American Century Short Duration Strategic Income ETF Price Performance

American Century Short Duration Strategic Income ETF stock traded down $0.02 during mid-day trading on Monday, reaching $51.31. 14,049 shares of the company were exchanged, compared to its average volume of 22,023. The company has a fifty day simple moving average of $51.38 and a 200-day simple moving average of $51.57. American Century Short Duration Strategic Income ETF has a 12 month low of $50.86 and a 12 month high of $52.04.

American Century Short Duration Strategic Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 8th. Shareholders of record on Wednesday, May 6th were paid a dividend of $0.1753 per share. The ex-dividend date was Wednesday, May 6th.

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.