American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Short Interest Down 34.4% in August

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 25,998 shares, a decline of 34.4% from the August 15th total of 39,646 shares. Based on an average trading volume of 85,384 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On American Century Diversified Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in American Century Diversified Corporate Bond ETF by 52.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 790,062 shares of the company’s stock worth $37,330,000 after acquiring an additional 273,114 shares during the period. Bank of America Corp DE grew its position in shares of American Century Diversified Corporate Bond ETF by 283.2% in the first quarter. Bank of America Corp DE now owns 177,797 shares of the company’s stock valued at $8,287,000 after purchasing an additional 131,399 shares during the period. Baer Investment Advisory LLC purchased a new stake in shares of American Century Diversified Corporate Bond ETF in the first quarter valued at $3,193,000. Elevation Point Wealth Partners LLC acquired a new position in American Century Diversified Corporate Bond ETF in the first quarter valued at $2,733,000. Finally, Integrated Wealth Concepts LLC acquired a new position in American Century Diversified Corporate Bond ETF in the second quarter valued at $2,384,000.

American Century Diversified Corporate Bond ETF Stock Up 0.5%

Shares of KORP traded up $0.23 during trading hours on Thursday, reaching $45.45. 81,086 shares of the company traded hands, compared to its average volume of 102,486. American Century Diversified Corporate Bond ETF has a fifty-two week low of $45.13 and a fifty-two week high of $48.16. The stock has a fifty day simple moving average of $45.89 and a 200 day simple moving average of $46.46.

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.