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

American Century Select High Yield ETF (NYSEARCA:AHYB) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 1,708 shares, a drop of 55.7% from the September 30th total of 3,859 shares. Based on an average trading volume of 23,872 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its position in American Century Select High Yield ETF stock. Envestnet Asset Management Inc. raised its stake in shares of American Century Select High Yield ETF (NYSEARCA:AHYB) by 3.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,051,058 shares of the company’s stock after acquiring an additional 33,865 shares during the quarter. Envestnet Asset Management Inc. owned approximately 77.86% of American Century Select High Yield ETF worth $48,653,000 as of its most recent filing with the SEC.

American Century Select High Yield ETF Stock Performance

AHYB stock traded down $0.10 during midday trading on Friday, reaching $44.86. The company had a trading volume of 3,640 shares, compared to its average volume of 3,943. American Century Select High Yield ETF has a fifty-two week low of $44.53 and a fifty-two week high of $47.02. The stock has a 50 day moving average price of $45.26 and a 200 day moving average price of $46.06.

American Century Select High Yield ETF Company Profile

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.