American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Short Interest Update

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 6,807 shares, a drop of 73.5% from the February 12th total of 25,732 shares. Based on an average daily volume of 108,198 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 108,198 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of American Century Diversified Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of KORP. Farther Finance Advisors LLC bought a new position in American Century Diversified Corporate Bond ETF in the 4th quarter valued at $40,000. Westside Investment Management Inc. increased its holdings in shares of American Century Diversified Corporate Bond ETF by 51.6% in the fourth quarter. Westside Investment Management Inc. now owns 940 shares of the company’s stock worth $44,000 after purchasing an additional 320 shares during the period. Lloyd Advisory Services LLC. purchased a new stake in shares of American Century Diversified Corporate Bond ETF in the fourth quarter worth $52,000. Comerica Bank purchased a new stake in shares of American Century Diversified Corporate Bond ETF in the fourth quarter worth $99,000. Finally, Jones Financial Companies Lllp bought a new stake in American Century Diversified Corporate Bond ETF during the first quarter valued at $137,000.

American Century Diversified Corporate Bond ETF Stock Down 0.5%

KORP stock traded down $0.23 during mid-day trading on Thursday, reaching $46.63. 106,950 shares of the company traded hands, compared to its average volume of 107,672. The company has a fifty day moving average price of $47.50 and a 200-day moving average price of $47.52. American Century Diversified Corporate Bond ETF has a 52-week low of $44.81 and a 52-week high of $48.16.

American Century Diversified Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, February 9th. Investors of record on Thursday, February 5th were paid a dividend of $0.208 per share. This is an increase from American Century Diversified Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Thursday, February 5th.

About American Century Diversified Corporate Bond ETF

The American Century Diversified Corporate Bond ETF (KORP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed, U.S. denominated portfolio of corporate debt securities and investments KORP was launched on Jan 11, 2018 and is managed by American Century Investments.