Short Interest in American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Expands By 57.1%

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 5,500 shares, a growth of 57.1% from the September 30th total of 3,500 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 0.9 days.

Institutional Trading of American Century Short Duration Strategic Income ETF

Large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of American Century Short Duration Strategic Income ETF by 131.7% in the 2nd quarter. American Century Companies Inc. now owns 562,268 shares of the company’s stock valued at $28,624,000 after purchasing an additional 319,603 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in American Century Short Duration Strategic Income ETF by 67.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 33,290 shares of the company’s stock worth $1,695,000 after purchasing an additional 13,362 shares during the period. Bank of Montreal Can acquired a new position in American Century Short Duration Strategic Income ETF during the second quarter worth approximately $803,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in American Century Short Duration Strategic Income ETF in the second quarter valued at approximately $212,000.

American Century Short Duration Strategic Income ETF Stock Down 0.1 %

SDSI stock traded down $0.05 during mid-day trading on Friday, reaching $51.36. The company had a trading volume of 1,989 shares, compared to its average volume of 7,491. American Century Short Duration Strategic Income ETF has a 52 week low of $50.01 and a 52 week high of $52.01. The stock has a 50 day simple moving average of $51.63 and a two-hundred day simple moving average of $51.16.

American Century Short Duration Strategic Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Investors of record on Tuesday, October 1st were issued a dividend of $0.241 per share. The ex-dividend date was Tuesday, October 1st. This represents a $2.89 dividend on an annualized basis and a yield of 5.63%.

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.