American Century Multisector Income ETF (NYSEARCA:MUSI) Sees Large Growth in Short Interest

American Century Multisector Income ETF (NYSEARCA:MUSI) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 40,404 shares, an increase of 50.4% from the July 30th total of 26,863 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 38,345 shares, the days-to-cover ratio is presently 1.1 days.

American Century Multisector Income ETF Trading Down 0.0%

Shares of American Century Multisector Income ETF stock traded down $0.01 during trading on Tuesday, reaching $43.05. 5,073 shares of the stock traded hands, compared to its average volume of 18,107. The business has a fifty day simple moving average of $43.34 and a two-hundred day simple moving average of $43.68. American Century Multisector Income ETF has a 52-week low of $43.01 and a 52-week high of $44.80.

Hedge Funds Weigh In On American Century Multisector Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MUSI. Osaic Holdings Inc. grew its holdings in American Century Multisector Income ETF by 11.5% during the 4th quarter. Osaic Holdings Inc. now owns 7,226 shares of the company’s stock valued at $319,000 after buying an additional 746 shares in the last quarter. Kestra Advisory Services LLC increased its stake in American Century Multisector Income ETF by 7.2% in the 4th quarter. Kestra Advisory Services LLC now owns 11,329 shares of the company’s stock worth $500,000 after acquiring an additional 761 shares during the last quarter. Flynn Zito Capital Management LLC increased its stake in American Century Multisector Income ETF by 6.9% in the 4th quarter. Flynn Zito Capital Management LLC now owns 15,514 shares of the company’s stock worth $685,000 after acquiring an additional 996 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of American Century Multisector Income ETF by 1.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 19,342 shares of the company’s stock worth $854,000 after acquiring an additional 326 shares in the last quarter. Finally, Ameritas Advisory Services LLC purchased a new stake in shares of American Century Multisector Income ETF during the 2nd quarter worth approximately $866,000.

American Century Multisector Income ETF Company Profile

The American Century Multisector Income ETF (MUSI) is an exchange-traded fund that is based on the Bloomberg U.S. Aggregate Bond index. The fund seeks to provide a high level of current income via an actively managed broad-based, global bond portfolio without a specific target duration. MUSI was launched on Jun 29, 2021 and is managed by American Century Investments.