American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Large Drop in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,800 shares, a decline of 40.0% from the December 15th total of 3,000 shares. Based on an average daily trading volume, of 8,000 shares, the short-interest ratio is presently 0.2 days.

American Century Short Duration Strategic Income ETF Price Performance

Shares of American Century Short Duration Strategic Income ETF stock traded up $0.12 during midday trading on Thursday, reaching $51.10. 11,769 shares of the company’s stock traded hands, compared to its average volume of 5,907. The stock has a 50 day moving average of $50.99 and a 200-day moving average of $51.27. American Century Short Duration Strategic Income ETF has a 12 month low of $50.35 and a 12 month high of $52.01.

American Century Short Duration Strategic Income ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, December 19th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.2826 per share. This is a positive change from American Century Short Duration Strategic Income ETF’s previous dividend of $0.21. The ex-dividend date of this dividend was Tuesday, December 17th.

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

A number of institutional investors have recently bought and sold shares of SDSI. B. Riley Wealth Advisors Inc. purchased a new position in shares of American Century Short Duration Strategic Income ETF during the 2nd quarter worth approximately $212,000. Unique Wealth LLC boosted its position in shares of American Century Short Duration Strategic Income ETF by 45.3% during the fourth quarter. Unique Wealth LLC now owns 15,090 shares of the company’s stock valued at $767,000 after purchasing an additional 4,702 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of American Century Short Duration Strategic Income ETF during the second quarter valued at approximately $803,000. Finally, American Century Companies Inc. raised its holdings in American Century Short Duration Strategic Income ETF by 131.7% in the second quarter. American Century Companies Inc. now owns 562,268 shares of the company’s stock worth $28,624,000 after purchasing an additional 319,603 shares in the last quarter.

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.