American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) Sees Significant Increase in Short Interest

American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 16,439 shares, an increase of 311.1% from the May 14th total of 3,999 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 21,318 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On American Century Focused Dynamic Growth ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers boosted its stake in American Century Focused Dynamic Growth ETF by 18.4% in the first quarter. Cetera Investment Advisers now owns 6,930 shares of the company’s stock worth $790,000 after purchasing an additional 1,077 shares in the last quarter. Advisortrust Partners LLC bought a new stake in American Century Focused Dynamic Growth ETF in the first quarter valued at about $135,000. Bank of New York Mellon Corp increased its holdings in American Century Focused Dynamic Growth ETF by 11.2% in the first quarter. Bank of New York Mellon Corp now owns 247,468 shares of the company’s stock valued at $28,224,000 after purchasing an additional 24,932 shares during the last quarter. Geneos Wealth Management Inc. bought a new stake in shares of American Century Focused Dynamic Growth ETF in the first quarter worth about $554,000. Finally, Kestra Advisory Services LLC increased its holdings in shares of American Century Focused Dynamic Growth ETF by 117.6% in the first quarter. Kestra Advisory Services LLC now owns 4,030 shares of the company’s stock worth $460,000 after acquiring an additional 2,178 shares in the last quarter.

American Century Focused Dynamic Growth ETF Trading Up 1.9%

FDG stock traded up $2.45 during trading on Thursday, hitting $131.60. The company had a trading volume of 11,247 shares, compared to its average volume of 20,786. The company has a market cap of $388.22 million, a P/E ratio of 34.07 and a beta of 1.28. The company has a fifty day moving average price of $131.06 and a two-hundred day moving average price of $125.76. American Century Focused Dynamic Growth ETF has a fifty-two week low of $102.93 and a fifty-two week high of $141.46.

About American Century Focused Dynamic Growth ETF

The American Century Focused Dynamic Growth ETF (FDG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that invests in a narrow selection of mid- and large-cap growth companies in the US. The fund utilizes the Precidian non-transparent model. FDG was launched on Mar 31, 2020 and is issued by American Century Investments.