American Century Select High Yield ETF (NYSEARCA:AHYB) Sees Significant Drop in Short Interest

American Century Select High Yield ETF (NYSEARCA:AHYB) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,770 shares, a decrease of 49.4% from the May 14th total of 3,498 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 2,568 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of American Century Select High Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Networth Advisors LLC lifted its position in shares of American Century Select High Yield ETF by 6.1% during the first quarter. Networth Advisors LLC now owns 48,958 shares of the company’s stock worth $2,255,000 after purchasing an additional 2,794 shares during the last quarter. MML Investors Services LLC increased its stake in American Century Select High Yield ETF by 8.0% in the 4th quarter. MML Investors Services LLC now owns 8,232 shares of the company’s stock worth $385,000 after buying an additional 613 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in American Century Select High Yield ETF by 10,352.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 7,630 shares of the company’s stock worth $357,000 after buying an additional 7,557 shares during the period. Jane Street Group LLC bought a new stake in American Century Select High Yield ETF during the 2nd quarter valued at about $298,000. Finally, Lloyd Advisory Services LLC. bought a new stake in American Century Select High Yield ETF during the 4th quarter valued at about $60,000.

American Century Select High Yield ETF Trading Up 0.1%

Shares of NYSEARCA AHYB traded up $0.03 during midday trading on Friday, hitting $46.25. The company’s stock had a trading volume of 3,079 shares, compared to its average volume of 2,937. American Century Select High Yield ETF has a 12-month low of $45.54 and a 12-month high of $47.06. The business’s 50 day moving average is $46.29 and its two-hundred day moving average is $46.51.

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.