Short Interest in American Century Select High Yield ETF (NYSEARCA:AHYB) Declines By 34.6%

American Century Select High Yield ETF (NYSEARCA:AHYB) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,400 shares, a drop of 34.6% from the September 30th total of 5,200 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 5,700 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.3% of the company’s stock are sold short.

Institutional Trading of American Century Select High Yield ETF

Hedge funds have recently bought and sold shares of the stock. Park Square Financial Group LLC bought a new position in American Century Select High Yield ETF during the first quarter valued at approximately $31,000. AE Wealth Management LLC boosted its stake in American Century Select High Yield ETF by 34.6% during the second quarter. AE Wealth Management LLC now owns 7,440 shares of the company’s stock valued at $347,000 after buying an additional 1,913 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in American Century Select High Yield ETF by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 605,592 shares of the company’s stock valued at $28,242,000 after buying an additional 5,382 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of American Century Select High Yield ETF in the 2nd quarter valued at approximately $298,000.

American Century Select High Yield ETF Price Performance

Shares of AHYB stock remained flat at $46.42 during mid-day trading on Tuesday. The stock had a trading volume of 2,322 shares, compared to its average volume of 3,310. American Century Select High Yield ETF has a 52-week low of $43.55 and a 52-week high of $47.06. The company has a 50-day moving average of $46.75 and a 200-day moving average of $46.33.

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.