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

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) saw a significant drop in short interest in the month of 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 currently 0.6 days.

American Century Short Duration Strategic Income ETF Trading Up 0.0 %

Shares of SDSI stock traded up $0.01 during trading on Friday, hitting $51.04. The company had a trading volume of 8,717 shares, compared to its average volume of 7,439. American Century Short Duration Strategic Income ETF has a one year low of $50.22 and a one year high of $52.01. The stock’s 50-day moving average price is $51.49 and its 200 day moving average price is $51.21.

American Century Short Duration Strategic Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, November 5th. Shareholders of record on Friday, November 1st were issued 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%.

Institutional Trading of American Century Short Duration Strategic Income ETF

Several large investors have recently modified their holdings of SDSI. B. Riley Wealth Advisors Inc. acquired a new position in American Century Short Duration Strategic Income ETF in the second quarter valued at about $212,000. Bank of Montreal Can bought a new position in American Century Short Duration Strategic Income ETF in the 2nd quarter valued at about $803,000. Cambridge Investment Research Advisors Inc. raised its position in shares of American Century Short Duration Strategic Income ETF by 67.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 33,290 shares of the company’s stock valued at $1,695,000 after buying an additional 13,362 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of 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 worth $28,624,000 after acquiring an additional 319,603 shares during the period.

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.