Short Interest in American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Decreases By 30.9%

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the target of a significant decline in short interest in October. As of October 31st, there was short interest totalling 3,800 shares, a decline of 30.9% from the October 15th total of 5,500 shares. Based on an average trading volume of 6,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of American Century Short Duration Strategic Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. bought a new position in American Century Short Duration Strategic Income ETF during the 2nd quarter valued at $212,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of American Century Short Duration Strategic Income ETF by 67.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 33,290 shares of the company’s stock worth $1,695,000 after purchasing an additional 13,362 shares during the last quarter. Bank of Montreal Can acquired a new position in American Century Short Duration Strategic Income ETF in the second quarter worth about $803,000. Finally, American Century Companies Inc. increased its holdings in American Century Short Duration Strategic Income ETF by 131.7% in the second quarter. American Century Companies Inc. now owns 562,268 shares of the company’s stock valued at $28,624,000 after buying an additional 319,603 shares during the last quarter.

American Century Short Duration Strategic Income ETF Price Performance

NASDAQ SDSI traded up $0.01 during mid-day trading on Friday, reaching $51.04. 8,717 shares of the company’s stock traded hands, compared to its average volume of 7,439. American Century Short Duration Strategic Income ETF has a 1-year low of $50.22 and a 1-year high of $52.01. The company has a fifty day simple moving average of $51.49 and a 200-day simple moving average of $51.21.

American Century Short Duration Strategic Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, November 5th. Stockholders of record on Friday, November 1st were paid a dividend of $0.2329 per share. This represents a $2.79 annualized dividend and a dividend yield of 5.48%. The ex-dividend date was Friday, November 1st.

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.