American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Large Drop in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 14,651 shares, a decline of 50.2% from the July 15th total of 29,410 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 32,703 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SDSI. Jane Street Group LLC lifted its holdings in shares of American Century Short Duration Strategic Income ETF by 242.2% during the second quarter. Jane Street Group LLC now owns 20,188 shares of the company’s stock worth $1,040,000 after purchasing an additional 14,288 shares during the period. Prevail Innovative Wealth Advisors LLC increased its holdings in American Century Short Duration Strategic Income ETF by 9.5% in the 2nd quarter. Prevail Innovative Wealth Advisors LLC now owns 22,447 shares of the company’s stock worth $1,156,000 after buying an additional 1,939 shares during the period. Citadel Advisors LLC raised its position in American Century Short Duration Strategic Income ETF by 1.5% during the 3rd quarter. Citadel Advisors LLC now owns 33,330 shares of the company’s stock worth $1,723,000 after buying an additional 504 shares during the last quarter. Round Rock Advisors LLC lifted its stake in American Century Short Duration Strategic Income ETF by 42.2% during the 4th quarter. Round Rock Advisors LLC now owns 237,893 shares of the company’s stock valued at $12,271,000 after acquiring an additional 70,614 shares during the period. Finally, Kestra Private Wealth Services LLC acquired a new stake in American Century Short Duration Strategic Income ETF during the 4th quarter valued at approximately $584,000.

American Century Short Duration Strategic Income ETF Price Performance

Shares of NASDAQ SDSI traded up $0.03 during mid-day trading on Monday, hitting $51.23. The stock had a trading volume of 7,225 shares, compared to its average volume of 24,939. The company has a 50 day moving average of $51.22 and a two-hundred day moving average of $51.37. American Century Short Duration Strategic Income ETF has a twelve month low of $50.97 and a twelve month high of $52.04.

American Century Short Duration Strategic Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 10th. Shareholders of record on Thursday, August 6th were paid a dividend of $0.209 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date was Thursday, August 6th. This is a boost from American Century Short Duration Strategic Income ETF’s previous monthly dividend of $0.20.

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.