American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Sees Significant Decrease in Short Interest

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 5,535 shares, a decrease of 65.9% from the June 30th total of 16,245 shares. Based on an average daily volume of 94,558 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KORP. Farther Finance Advisors LLC purchased a new stake in shares of American Century Diversified Corporate Bond ETF in the 4th quarter valued at approximately $40,000. Westside Investment Management Inc. lifted its position in shares of American Century Diversified Corporate Bond ETF by 51.6% during the 4th quarter. Westside Investment Management Inc. now owns 940 shares of the company’s stock worth $44,000 after purchasing an additional 320 shares during the last quarter. Lloyd Advisory Services LLC. purchased a new stake in shares of American Century Diversified Corporate Bond ETF during the 4th quarter worth $52,000. Comerica Bank acquired a new position in shares of American Century Diversified Corporate Bond ETF during the fourth quarter worth $99,000. Finally, Jones Financial Companies Lllp acquired a new position in shares of American Century Diversified Corporate Bond ETF during the first quarter worth $137,000.

American Century Diversified Corporate Bond ETF Stock Performance

Shares of KORP traded up $0.09 during midday trading on Monday, hitting $45.97. The company had a trading volume of 124,292 shares, compared to its average volume of 102,626. American Century Diversified Corporate Bond ETF has a 1 year low of $45.83 and a 1 year high of $48.16. The company’s 50-day simple moving average is $46.56 and its 200-day simple moving average is $46.93.

American Century Diversified Corporate Bond ETF Company Profile

The American Century Diversified Corporate Bond ETF (KORP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed, U.S. denominated portfolio of corporate debt securities and investments KORP was launched on Jan 11, 2018 and is managed by American Century Investments.