American Century Select High Yield ETF (NYSEARCA:AHYB) Short Interest Up 269.0% in January

American Century Select High Yield ETF (NYSEARCA:AHYB) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 915 shares, an increase of 269.0% from the January 15th total of 248 shares. Based on an average daily trading volume, of 2,306 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 2,306 shares, the days-to-cover ratio is presently 0.4 days.

American Century Select High Yield ETF Stock Performance

American Century Select High Yield ETF stock traded down $0.02 during midday trading on Thursday, hitting $46.79. 1,107 shares of the company were exchanged, compared to its average volume of 2,676. American Century Select High Yield ETF has a fifty-two week low of $43.55 and a fifty-two week high of $47.06. The company’s fifty day moving average price is $46.77 and its 200-day moving average price is $46.68.

American Century Select High Yield ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Thursday, February 5th were given a $0.249 dividend. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend was Thursday, February 5th. This is an increase from American Century Select High Yield ETF’s previous monthly dividend of $0.21.

Institutional Trading of American Century Select High Yield ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its holdings in shares of American Century Select High Yield ETF by 41.4% during the third quarter. Envestnet Asset Management Inc. now owns 856,406 shares of the company’s stock worth $40,157,000 after purchasing an additional 250,814 shares during the period. Networth Advisors LLC acquired a new stake in American Century Select High Yield ETF during the fourth quarter worth about $2,158,000. Northwestern Mutual Wealth Management Co. raised its stake in American Century Select High Yield ETF by 10,352.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,630 shares of the company’s stock worth $357,000 after acquiring an additional 7,557 shares during the period. Jane Street Group LLC bought a new position in American Century Select High Yield ETF in the second quarter worth about $298,000. Finally, AE Wealth Management LLC boosted its stake in American Century Select High Yield ETF by 35.0% in the third quarter. AE Wealth Management LLC now owns 10,044 shares of the company’s stock valued at $471,000 after acquiring an additional 2,604 shares during the 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.