Short Interest in American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Rises By 57.1%

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) saw a significant growth in short interest in October. As of October 15th, there was short interest totalling 5,500 shares, a growth of 57.1% from the September 30th total of 3,500 shares. Based on an average daily volume of 6,400 shares, the short-interest ratio is presently 0.9 days.

American Century Short Duration Strategic Income ETF Stock Up 0.1 %

Shares of SDSI stock traded up $0.07 during trading hours on Tuesday, reaching $51.40. 2,190 shares of the company traded hands, compared to its average volume of 7,453. The firm has a 50-day moving average price of $51.63 and a 200 day moving average price of $51.17. American Century Short Duration Strategic Income ETF has a 12-month low of $50.01 and a 12-month high of $52.01.

American Century Short Duration Strategic Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Tuesday, October 1st were paid a dividend of $0.241 per share. This represents a $2.89 dividend on an annualized basis and a yield of 5.63%. The ex-dividend date was Tuesday, October 1st.

Hedge Funds Weigh In On American Century Short Duration Strategic Income ETF

A number of hedge funds have recently modified their holdings of SDSI. B. Riley Wealth Advisors Inc. bought a new stake in American Century Short Duration Strategic Income ETF during the second quarter valued at about $212,000. Bank of Montreal Can purchased a new stake in shares of American Century Short Duration Strategic Income ETF during the second quarter worth about $803,000. American Century Companies Inc. raised its stake in American Century Short Duration Strategic Income ETF by 131.7% during the 2nd quarter. American Century Companies Inc. now owns 562,268 shares of the company’s stock valued at $28,624,000 after purchasing an additional 319,603 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in American Century Short Duration Strategic Income ETF by 67.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 33,290 shares of the company’s stock valued at $1,695,000 after purchasing an additional 13,362 shares during the period.

American Century Short Duration Strategic Income ETF Company Profile

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.