American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Short Interest Update

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 32,809 shares, a growth of 382.0% from the February 26th total of 6,807 shares. Based on an average daily volume of 119,965 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the company’s shares are short sold.

American Century Diversified Corporate Bond ETF Stock Down 0.8%

KORP traded down $0.37 during mid-day trading on Thursday, reaching $46.27. The stock had a trading volume of 55,744 shares, compared to its average volume of 115,209. The firm’s fifty day simple moving average is $47.33 and its two-hundred day simple moving average is $47.47. American Century Diversified Corporate Bond ETF has a 52 week low of $44.81 and a 52 week high of $48.16.

American Century Diversified Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Thursday, February 5th were paid a dividend of $0.208 per share. This represents a c) annualized dividend and a dividend yield of 5.4%. This is a boost from American Century Diversified Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Thursday, February 5th.

Institutional Trading of American Century Diversified Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KORP. Jones Financial Companies Lllp bought a new stake in American Century Diversified Corporate Bond ETF during the 1st quarter worth about $137,000. JPMorgan Chase & Co. bought a new position in shares of American Century Diversified Corporate Bond ETF in the 2nd quarter valued at about $2,669,000. J.W. Cole Advisors Inc. acquired a new stake in shares of American Century Diversified Corporate Bond ETF during the 2nd quarter worth approximately $7,728,000. Raymond James Financial Inc. grew its position in shares of American Century Diversified Corporate Bond ETF by 2.9% during the 2nd quarter. Raymond James Financial Inc. now owns 85,625 shares of the company’s stock worth $4,030,000 after buying an additional 2,384 shares during the period. Finally, Camarda Financial Advisors LLC raised its stake in shares of American Century Diversified Corporate Bond ETF by 3.1% during the second quarter. Camarda Financial Advisors LLC now owns 21,053 shares of the company’s stock worth $991,000 after buying an additional 632 shares during the last quarter.

American Century Diversified Corporate Bond ETF Company Profile

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.