American Century Select High Yield ETF (NYSEARCA:AHYB) Sees Large Increase in Short Interest

American Century Select High Yield ETF (NYSEARCA:AHYB) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 2,250 shares, a growth of 692.3% from the November 30th total of 284 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 1,892 shares, the short-interest ratio is currently 1.2 days. Based on an average daily volume of 1,892 shares, the short-interest ratio is currently 1.2 days. Approximately 0.2% of the shares of the stock are sold short.

American Century Select High Yield ETF Price Performance

American Century Select High Yield ETF stock remained flat at $46.67 during mid-day trading on Friday. The company had a trading volume of 303 shares, compared to its average volume of 3,591. American Century Select High Yield ETF has a fifty-two week low of $43.55 and a fifty-two week high of $47.06. The firm’s 50 day moving average is $46.63 and its 200-day moving average is $46.55.

Hedge Funds Weigh In On American Century Select High Yield ETF

Large investors have recently added to or reduced their stakes in the company. AE Wealth Management LLC grew its stake in American Century Select High Yield ETF by 34.6% in the second quarter. AE Wealth Management LLC now owns 7,440 shares of the company’s stock valued at $347,000 after purchasing an additional 1,913 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of American Century Select High Yield ETF by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 605,592 shares of the company’s stock worth $28,242,000 after purchasing an additional 5,382 shares during the period. Finally, Jane Street Group LLC acquired a new position in American Century Select High Yield ETF during the second quarter valued at approximately $298,000.

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.