American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Short Interest Up 382.0% in March

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the recipient of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 32,809 shares, an increase of 382.0% from the February 26th total of 6,807 shares. Based on an average trading volume of 119,965 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average trading volume of 119,965 shares, the short-interest ratio is presently 0.3 days.

American Century Diversified Corporate Bond ETF Stock Performance

Shares of KORP stock traded up $0.22 during mid-day trading on Wednesday, hitting $46.65. 30,868 shares of the stock were exchanged, compared to its average volume of 115,722. The stock’s fifty day simple moving average is $47.37 and its two-hundred day simple moving average is $47.49. American Century Diversified Corporate Bond ETF has a 12-month low of $44.81 and a 12-month high of $48.16.

American Century Diversified Corporate Bond ETF Increases Dividend

The company also recently declared 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. The ex-dividend date was Thursday, February 5th. This represents a c) dividend on an annualized basis and a yield of 5.4%. This is a boost from American Century Diversified Corporate Bond ETF’s previous monthly dividend of $0.18.

Institutional Investors Weigh In On American Century Diversified Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC purchased a new position in shares of American Century Diversified Corporate Bond ETF during the fourth quarter worth approximately $40,000. Westside Investment Management Inc. boosted its stake in American Century Diversified Corporate Bond ETF by 51.6% during the 4th 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 position in American Century Diversified Corporate Bond ETF during the 4th quarter worth $52,000. Comerica Bank purchased a new position in American Century Diversified Corporate Bond ETF during the 4th quarter worth $99,000. Finally, Jones Financial Companies Lllp acquired a new position in American Century Diversified Corporate Bond ETF in the first quarter valued at $137,000.

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.