American Century Select High Yield ETF (NYSEARCA:AHYB) Stock Short Interest Falls 55.7%

American Century Select High Yield ETF (NYSEARCA:AHYB) was the recipient of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,708 shares, a decline of 55.7% from the September 30th total of 3,859 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 23,872 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On American Century Select High Yield ETF

An institutional investor recently raised its stake in American Century Select High Yield ETF stock. Envestnet Asset Management Inc. boosted its position in shares of American Century Select High Yield ETF (NYSEARCA:AHYB) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,051,058 shares of the company’s stock after purchasing an additional 33,865 shares during the quarter. Envestnet Asset Management Inc. owned about 77.86% of American Century Select High Yield ETF worth $48,653,000 at the end of the most recent reporting period.

American Century Select High Yield ETF Stock Performance

Shares of AHYB traded down $0.10 during trading hours on Friday, hitting $44.86. The stock had a trading volume of 3,640 shares, compared to its average volume of 3,943. The firm has a 50 day simple moving average of $45.26 and a 200-day simple moving average of $46.06. American Century Select High Yield ETF has a 1-year low of $44.53 and a 1-year high of $47.02.

About American Century Select High Yield ETF

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.