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

American Century Multisector Income ETF (NYSEARCA:MUSI) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 34,761 shares, a growth of 652.6% from the May 14th total of 4,619 shares. Based on an average daily trading volume, of 32,461 shares, the short-interest ratio is presently 1.1 days. Approximately 0.7% of the company’s shares are sold short.

American Century Multisector Income ETF Price Performance

MUSI opened at $43.63 on Friday. American Century Multisector Income ETF has a 52-week low of $43.15 and a 52-week high of $44.80. The stock’s 50 day moving average price is $43.70 and its 200-day moving average price is $44.03.

Hedge Funds Weigh In On American Century Multisector Income ETF

Several hedge funds have recently made changes to their positions in MUSI. American Century Companies Inc. increased its stake in shares of American Century Multisector Income ETF by 4.5% during the third quarter. American Century Companies Inc. now owns 2,061,177 shares of the company’s stock valued at $91,568,000 after buying an additional 88,536 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of American Century Multisector Income ETF by 37.8% during the third quarter. Envestnet Asset Management Inc. now owns 229,308 shares of the company’s stock valued at $10,187,000 after buying an additional 62,871 shares during the period. Raymond James Financial Inc. increased its stake in shares of American Century Multisector Income ETF by 59.8% during the third quarter. Raymond James Financial Inc. now owns 111,068 shares of the company’s stock valued at $4,934,000 after buying an additional 41,567 shares during the period. LPL Financial LLC increased its stake in shares of American Century Multisector Income ETF by 13.3% during the fourth quarter. LPL Financial LLC now owns 189,884 shares of the company’s stock valued at $8,385,000 after buying an additional 22,225 shares during the period. Finally, Condor Capital Management increased its stake in shares of 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 buying an additional 13,720 shares during the period.

About American Century Multisector Income ETF

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.