American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Large Drop in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totaling 8,283 shares, a decrease of 24.6% from the March 31st total of 10,979 shares. Based on an average daily trading volume, of 10,130 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.

American Century Short Duration Strategic Income ETF Trading Up 0.1%

Shares of NASDAQ SDSI traded up $0.06 during mid-day trading on Thursday, reaching $51.44. 13,191 shares of the company were exchanged, compared to its average volume of 22,477. American Century Short Duration Strategic Income ETF has a 1 year low of $50.83 and a 1 year high of $52.04. The firm has a 50-day moving average of $51.42 and a 200 day moving average of $51.58.

American Century Short Duration Strategic Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 9th. Shareholders of record on Tuesday, April 7th were paid a $0.2202 dividend. This is a boost from American Century Short Duration Strategic Income ETF’s previous dividend of $0.20. The ex-dividend date was Tuesday, April 7th.

Institutional Trading of American Century Short Duration Strategic Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC acquired a new stake in shares of American Century Short Duration Strategic Income ETF in the fourth quarter worth approximately $127,000. Nations Financial Group Inc. IA ADV acquired a new stake in shares of American Century Short Duration Strategic Income ETF in the first quarter worth approximately $227,000. Beacon Financial Advisory LLC acquired a new stake in shares of American Century Short Duration Strategic Income ETF in the first quarter worth approximately $231,000. Weaver Consulting Group boosted its stake in shares of American Century Short Duration Strategic Income ETF by 37.6% in the third 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 last quarter. Finally, Peak Planning Group LLC acquired a new stake in shares of American Century Short Duration Strategic Income ETF in the fourth quarter worth approximately $536,000.

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.