American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Short Interest Update

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the recipient of a significant drop in short interest in October. As of October 31st, there was short interest totalling 3,800 shares, a drop of 30.9% from the October 15th total of 5,500 shares. Based on an average daily volume of 6,600 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SDSI. American Century Companies Inc. lifted its holdings in American Century Short Duration Strategic Income ETF by 131.7% during 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 last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of American Century Short Duration Strategic Income ETF by 67.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 33,290 shares of the company’s stock worth $1,695,000 after buying an additional 13,362 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of American Century Short Duration Strategic Income ETF during the 2nd quarter worth about $803,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in American Century Short Duration Strategic Income ETF in the 2nd quarter valued at about $212,000.

American Century Short Duration Strategic Income ETF Price Performance

SDSI traded up $0.01 during trading on Friday, reaching $51.04. 8,717 shares of the stock were exchanged, compared to its average volume of 7,439. The stock’s 50 day moving average price is $51.49 and its two-hundred day moving average price is $51.21. American Century Short Duration Strategic Income ETF has a twelve month low of $50.22 and a twelve month high of $52.01.

American Century Short Duration Strategic Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were paid a $0.2329 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.79 annualized dividend and a yield of 5.48%.

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.