American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) Sees Significant Decrease in Short Interest

American Century Short Duration Strategic Income ETF (NASDAQ:SDSI) was the target of a significant drop in short interest in April. As of April 15th, there was short interest totaling 8,283 shares, a drop of 24.6% from the March 31st total of 10,979 shares. Based on an average daily trading volume, of 10,130 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.2% of the shares of the stock are short sold.

American Century Short Duration Strategic Income ETF Trading Down 0.1%

SDSI stock traded down $0.04 during trading hours on Wednesday, hitting $51.38. 312,206 shares of the stock traded hands, compared to its average volume of 22,575. The stock has a 50-day simple moving average of $51.42 and a 200 day simple moving average of $51.58. American Century Short Duration Strategic Income ETF has a one year low of $50.83 and a one year high of $52.04.

American Century Short Duration Strategic Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 9th. Investors of record on Tuesday, April 7th were paid a dividend of $0.2202 per share. This is an increase from American Century Short Duration Strategic Income ETF’s previous dividend of $0.20. The ex-dividend date of this dividend was Tuesday, April 7th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SDSI. Steward Partners Investment Advisory LLC bought a new position in American Century Short Duration Strategic Income ETF during the fourth quarter valued at about $127,000. Nations Financial Group Inc. IA ADV acquired a new position in shares of American Century Short Duration Strategic Income ETF in the 1st quarter valued at $227,000. Beacon Financial Advisory LLC acquired a new position in shares of American Century Short Duration Strategic Income ETF in the 1st quarter valued at $231,000. Weaver Consulting Group boosted its position in shares of American Century Short Duration Strategic Income ETF by 37.6% in the 3rd quarter. Weaver Consulting Group now owns 7,316 shares of the company’s stock valued at $378,000 after purchasing an additional 2,000 shares during the period. Finally, Peak Planning Group LLC acquired a new position in shares of American Century Short Duration Strategic Income ETF in the 4th quarter valued at $536,000.

About American Century Short Duration Strategic Income ETF

The American Century Short Duration Strategic Income ETF (SDSI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund actively manages a broad portfolio of short-duration fixed income securities. The fund seeks to mitigate the impact of rising interest rates. SDSI was launched on Oct 11, 2022 and is managed by American Century Investments.