American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Sees Significant Decline in Short Interest

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 5,535 shares, a decrease of 65.9% from the June 30th total of 16,245 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 94,558 shares, the days-to-cover ratio is presently 0.1 days.

American Century Diversified Corporate Bond ETF Trading Up 0.2%

Shares of KORP traded up $0.09 during mid-day trading on Monday, reaching $45.97. The company’s stock had a trading volume of 124,292 shares, compared to its average volume of 102,626. American Century Diversified Corporate Bond ETF has a 12-month low of $45.83 and a 12-month high of $48.16. The company’s 50 day moving average is $46.56 and its 200 day moving average is $46.93.

Hedge Funds Weigh In On American Century Diversified Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Networth Advisors LLC acquired a new stake in American Century Diversified Corporate Bond ETF during the fourth quarter worth approximately $3,038,000. World Investment Advisors acquired a new position in shares of American Century Diversified Corporate Bond ETF in the 4th quarter valued at $555,000. JPMorgan Chase & Co. boosted its holdings in shares of American Century Diversified Corporate Bond ETF by 71.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 97,062 shares of the company’s stock valued at $4,620,000 after buying an additional 40,356 shares in the last quarter. Flaharty Asset Management LLC grew its position in shares of American Century Diversified Corporate Bond ETF by 4.3% in the 4th quarter. Flaharty Asset Management LLC now owns 666,494 shares of the company’s stock valued at $31,492,000 after buying an additional 27,330 shares during the last quarter. Finally, Fifth Third Securities Inc. grew its position in shares of American Century Diversified Corporate Bond ETF by 11.4% in the 4th quarter. Fifth Third Securities Inc. now owns 164,614 shares of the company’s stock valued at $7,778,000 after buying an additional 16,808 shares during the last quarter.

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.