American Century Select High Yield ETF (NYSEARCA:AHYB) Sees Large Decline in Short Interest

American Century Select High Yield ETF (NYSEARCA:AHYB) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,332 shares, a drop of 40.1% from the August 31st total of 2,224 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 3,130 shares, the short-interest ratio is currently 0.4 days.

American Century Select High Yield ETF Price Performance

Shares of AHYB traded down $0.00 during trading hours on Friday, reaching $44.81. The stock had a trading volume of 356 shares, compared to its average volume of 2,866. The firm has a 50-day moving average of $45.72 and a 200 day moving average of $46.03. American Century Select High Yield ETF has a 52 week low of $44.54 and a 52 week high of $47.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Century Select High Yield ETF stock. Envestnet Asset Management Inc. raised its holdings in American Century Select High Yield ETF (NYSEARCA:AHYB) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,051,058 shares of the company’s stock after buying an additional 33,865 shares during the period. Envestnet Asset Management Inc. owned 77.86% of American Century Select High Yield ETF worth $48,653,000 at the end of the most recent reporting period.

American Century Select High Yield ETF Company Profile

The American Century Select High Yield ETF (AHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed portfolio of high-yield corporate bonds with typically 3 to 10 years maturity. AHYB was launched on Nov 16, 2021 and is managed by American Century Investments.