American Century Multisector Income ETF (NYSEARCA:MUSI) Sees Large Increase in Short Interest

American Century Multisector Income ETF (NYSEARCA:MUSI) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 40,404 shares, a growth of 50.4% from the July 30th total of 26,863 shares. Currently, 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 38,345 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On American Century Multisector Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of MUSI. Condor Capital Management grew its holdings in American Century Multisector Income ETF by 3.5% during the fourth quarter. Condor Capital Management now owns 407,883 shares of the company’s stock valued at $18,012,000 after purchasing an additional 13,720 shares during the period. LPL Financial LLC increased its position in American Century Multisector Income ETF by 13.3% in the fourth quarter. LPL Financial LLC now owns 189,884 shares of the company’s stock worth $8,385,000 after buying an additional 22,225 shares in the last quarter. Raymond James Financial Inc. raised its stake in American Century Multisector Income ETF by 59.8% during the 3rd quarter. Raymond James Financial Inc. now owns 111,068 shares of the company’s stock worth $4,934,000 after acquiring an additional 41,567 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of American Century Multisector Income ETF by 7.5% during the 4th quarter. Orion Porfolio Solutions LLC now owns 73,180 shares of the company’s stock valued at $3,232,000 after purchasing an additional 5,082 shares during the period. Finally, Fortis Group Advisors LLC raised its holdings in American Century Multisector Income ETF by 1.9% during the fourth quarter. Fortis Group Advisors LLC now owns 32,842 shares of the company’s stock valued at $1,456,000 after acquiring an additional 611 shares during the period.

American Century Multisector Income ETF Stock Down 0.0%

MUSI traded down $0.01 during trading on Tuesday, hitting $43.05. The company’s stock had a trading volume of 5,073 shares, compared to its average volume of 18,107. American Century Multisector Income ETF has a one year low of $43.01 and a one year high of $44.80. The business’s 50 day simple moving average is $43.34 and its 200-day simple moving average is $43.68.

American Century Multisector Income ETF Company Profile

The American Century Multisector Income ETF (MUSI) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund seeks to provide a high level of current income via an actively managed broad-based, global bond portfolio without a specific target duration. MUSI was launched on Jun 29, 2021 and is managed by American Century Investments.