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

American Century Multisector Floating Income ETF (NYSEARCA:FUSI) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 37,007 shares, an increase of 200.0% from the August 15th total of 12,336 shares. Based on an average daily volume of 23,154 shares, the short-interest ratio is presently 1.6 days. Approximately 8.2% of the company’s stock are short sold.

American Century Multisector Floating Income ETF Trading Down 0.0%

Shares of FUSI traded down $0.01 during midday trading on Friday, reaching $50.44. 65,872 shares of the company were exchanged, compared to its average volume of 5,379. The stock has a 50-day moving average price of $50.55 and a 200-day moving average price of $50.47. American Century Multisector Floating Income ETF has a 1-year low of $50.10 and a 1-year high of $50.87.

Hedge Funds Weigh In On American Century Multisector Floating Income ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FUSI. Jane Street Group LLC boosted its holdings in American Century Multisector Floating Income ETF by 195.0% in the 4th quarter. Jane Street Group LLC now owns 44,453 shares of the company’s stock worth $2,237,000 after acquiring an additional 29,382 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of American Century Multisector Floating Income ETF during the fourth quarter valued at approximately $69,000. Dynamic Advisor Solutions LLC purchased a new stake in shares of American Century Multisector Floating Income ETF during the second quarter valued at approximately $251,000. Finally, Weaver Consulting Group lifted its position in shares of American Century Multisector Floating Income ETF by 10.7% during the fourth quarter. Weaver Consulting Group now owns 40,697 shares of the company’s stock worth $2,048,000 after purchasing an additional 3,930 shares in the last quarter.

American Century Multisector Floating Income ETF Company Profile

The American Century Multisector Floating Income ETF (FUSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a global bond portfolio of primarily investment grade, floating rate securities. FUSI was launched on Mar 14, 2023 and is managed by American Century Investments.