Short Interest in American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Declines By 93.9%

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 18,317 shares, a decline of 93.9% from the April 30th total of 300,671 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 12,046 shares, the days-to-cover ratio is presently 1.5 days.

American Century Short Duration Strategic Income ETF Price Performance

Shares of SDSI traded up $0.02 during trading hours on Wednesday, hitting $51.35. The company had a trading volume of 86,498 shares, compared to its average volume of 21,730. The firm has a fifty day moving average price of $51.30 and a 200-day moving average price of $51.52. American Century Short Duration Strategic Income ETF has a 52-week low of $50.97 and a 52-week high of $52.04.

American Century Short Duration Strategic Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, May 8th. Stockholders of record on Wednesday, May 6th were given a $0.1753 dividend. The ex-dividend date of this dividend was Wednesday, May 6th.

Hedge Funds Weigh In On American Century Short Duration Strategic Income ETF

Several large investors have recently modified their holdings of SDSI. Steward Partners Investment Advisory LLC purchased a new position in shares of American Century Short Duration Strategic Income ETF in the 4th quarter worth about $127,000. Nations Financial Group Inc. IA ADV purchased a new position in shares of American Century Short Duration Strategic Income ETF in the 1st quarter worth about $227,000. Beacon Financial Advisory LLC purchased a new position in American Century Short Duration Strategic Income ETF in the 1st quarter worth about $231,000. Weaver Consulting Group lifted its stake in American Century Short Duration Strategic Income ETF by 37.6% during the 3rd quarter. Weaver Consulting Group now owns 7,316 shares of the company’s stock valued at $378,000 after acquiring an additional 2,000 shares during the period. Finally, Peak Planning Group LLC bought a new position in American Century Short Duration Strategic Income ETF during the 4th quarter valued at about $536,000.

American Century Short Duration Strategic Income ETF Company Profile

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.