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

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 7,660 shares, a drop of 70.5% from the August 31st total of 25,998 shares. Based on an average daily trading volume, of 129,480 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KORP. Envestnet Asset Management Inc. increased its stake in American Century Diversified Corporate Bond ETF by 48.2% during the second quarter. Envestnet Asset Management Inc. now owns 3,112,479 shares of the company’s stock worth $150,884,000 after acquiring an additional 1,012,922 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of American Century Diversified Corporate Bond ETF in the 2nd quarter valued at approximately $2,384,000. IFP Advisors Inc lifted its stake in shares of American Century Diversified Corporate Bond ETF by 180.5% in the 2nd quarter. IFP Advisors Inc now owns 12,121 shares of the company’s stock valued at $568,000 after purchasing an additional 7,800 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of American Century Diversified Corporate Bond ETF in the 2nd quarter worth approximately $691,000. Finally, Endeavor Private Wealth Inc. purchased a new position in shares of American Century Diversified Corporate Bond ETF in the 2nd quarter worth approximately $754,000.

American Century Diversified Corporate Bond ETF Stock Performance

Shares of American Century Diversified Corporate Bond ETF stock traded down $0.23 during trading hours on Monday, reaching $44.56. The company’s stock had a trading volume of 126,785 shares, compared to its average volume of 102,887. The firm has a 50 day moving average price of $45.70 and a 200-day moving average price of $46.33. American Century Diversified Corporate Bond ETF has a one year low of $44.44 and a one year high of $48.16.

About American Century Diversified Corporate Bond ETF

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.