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

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the target of a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 35,828 shares, a growth of 92.5% from the January 15th total of 18,608 shares. Based on an average daily volume of 86,714 shares, the days-to-cover ratio is currently 0.4 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 86,714 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On American Century Diversified Corporate Bond ETF

Several hedge funds have recently modified their holdings of the stock. Fifth Third Securities Inc. lifted its stake in shares of American Century Diversified Corporate Bond ETF by 98.3% in the third quarter. Fifth Third Securities Inc. now owns 147,806 shares of the company’s stock worth $7,036,000 after acquiring an additional 73,255 shares in the last quarter. ARQ Wealth Advisors LLC purchased a new stake in American Century Diversified Corporate Bond ETF during the 2nd quarter worth approximately $9,821,000. Atria Investments Inc purchased a new position in shares of American Century Diversified Corporate Bond ETF during the 2nd quarter valued at approximately $45,118,000. Osaic Holdings Inc. boosted its stake in shares of American Century Diversified Corporate Bond ETF by 52.5% during the 2nd quarter. Osaic Holdings Inc. now owns 88,008 shares of the company’s stock valued at $4,143,000 after buying an additional 30,298 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of American Century Diversified Corporate Bond ETF in the third quarter worth $30,426,000.

American Century Diversified Corporate Bond ETF Stock Performance

NYSEARCA KORP opened at $47.67 on Friday. American Century Diversified Corporate Bond ETF has a one year low of $44.81 and a one year high of $48.16. The company’s 50 day moving average price is $47.38 and its 200 day moving average price is $47.44.

American Century Diversified Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 9th. Investors of record on Thursday, February 5th were given a dividend of $0.208 per share. This is a positive change from American Century Diversified Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 5th. This represents a c) dividend on an annualized basis and a yield of 5.2%.

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.