American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) Sees Significant Increase in Short Interest

American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 16,439 shares, a growth of 311.1% from the May 14th total of 3,999 shares. Based on an average daily trading volume, of 21,318 shares, the short-interest ratio is currently 0.8 days. Currently, 0.6% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of American Century Focused Dynamic Growth ETF by 304.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,645 shares of the company’s stock valued at $726,000 after buying an additional 5,000 shares during the last quarter. Bank of America Corp DE grew its position in shares of American Century Focused Dynamic Growth ETF by 246.2% in the 2nd quarter. Bank of America Corp DE now owns 11,103 shares of the company’s stock valued at $1,213,000 after buying an additional 7,896 shares during the last quarter. MML Investors Services LLC grew its position in shares of American Century Focused Dynamic Growth ETF by 17.1% in the 2nd quarter. MML Investors Services LLC now owns 5,439 shares of the company’s stock valued at $594,000 after buying an additional 793 shares during the last quarter. High Falls Advisors Inc bought a new stake in shares of American Century Focused Dynamic Growth ETF in the 2nd quarter valued at about $302,000. Finally, J.W. Cole Advisors Inc. grew its position in shares of American Century Focused Dynamic Growth ETF by 8.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 2,474 shares of the company’s stock valued at $298,000 after buying an additional 193 shares during the last quarter.

American Century Focused Dynamic Growth ETF Stock Performance

Shares of NYSEARCA:FDG traded up $2.45 during midday trading on Thursday, hitting $131.60. 11,247 shares of the stock were exchanged, compared to its average volume of 20,786. The business’s 50-day moving average price is $131.06 and its 200 day moving average price is $125.76. American Century Focused Dynamic Growth ETF has a 12 month low of $102.93 and a 12 month high of $141.46. The stock has a market capitalization of $388.22 million, a price-to-earnings ratio of 34.07 and a beta of 1.28.

About American Century Focused Dynamic Growth ETF

The American Century Focused Dynamic Growth ETF (FDG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that invests in a narrow selection of mid- and large-cap growth companies in the US. The fund utilizes the Precidian non-transparent model. FDG was launched on Mar 31, 2020 and is issued by American Century Investments.