American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Short Interest Down 46.5% in February

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the target of a large decline in short interest in February. As of February 13th, there was short interest totaling 10,922 shares, a decline of 46.5% from the January 29th total of 20,409 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 16,994 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 16,994 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.3% of the shares of the stock are sold short.

American Century Short Duration Strategic Income ETF Stock Up 0.0%

Shares of SDSI stock opened at $51.83 on Friday. American Century Short Duration Strategic Income ETF has a 12-month low of $46.99 and a 12-month high of $51.95. The stock’s 50-day moving average price is $51.70 and its 200-day moving average price is $51.65.

American Century Short Duration Strategic Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Shareholders of record on Thursday, February 5th were paid a $0.2185 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a c) dividend on an annualized basis and a yield of 5.1%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. increased its position in American Century Short Duration Strategic Income ETF by 56.8% in the third quarter. Envestnet Asset Management Inc. now owns 79,017 shares of the company’s stock worth $4,086,000 after purchasing an additional 28,617 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of American Century Short Duration Strategic Income ETF by 63.8% in the 2nd quarter. Osaic Holdings Inc. now owns 40,053 shares of the company’s stock worth $2,063,000 after buying an additional 15,606 shares in the last quarter. Prevail Innovative Wealth Advisors LLC increased its holdings in shares of American Century Short Duration Strategic Income ETF by 107.9% in the 4th quarter. Prevail Innovative Wealth Advisors LLC now owns 82,967 shares of the company’s stock worth $4,279,000 after buying an additional 43,057 shares during the last quarter. IFP Advisors Inc raised its position in shares of American Century Short Duration Strategic Income ETF by 55.8% during the 4th quarter. IFP Advisors Inc now owns 43,951 shares of the company’s stock valued at $2,267,000 after buying an additional 15,749 shares in the last quarter. Finally, Weaver Consulting Group lifted its holdings in shares of American Century Short Duration Strategic Income ETF by 13.7% in the 4th quarter. Weaver Consulting Group now owns 8,316 shares of the company’s stock valued at $429,000 after acquiring an additional 1,000 shares during the last quarter.

About American Century Short Duration Strategic Income ETF

The American Century Short Duration Strategic Income ETF (SDSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a broad portfolio of short-duration fixed income securities. The fund seeks to mitigate the impact of rising interest rates. SDSI was launched on Oct 11, 2022 and is managed by American Century Investments.