American Century Multisector Income ETF (NYSEARCA:MUSI) Short Interest Up 652.6% in May

American Century Multisector Income ETF (NYSEARCA:MUSI) was the target of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 34,761 shares, a growth of 652.6% from the May 14th total of 4,619 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily volume of 32,461 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of American Century Multisector Income ETF

Institutional investors have recently modified their holdings of the company. JM2 Capital Inc. bought a new stake in shares of American Century Multisector Income ETF in the 4th quarter valued at about $211,000. Thrivent Financial for Lutherans bought a new stake in shares of American Century Multisector Income ETF in the 3rd quarter valued at about $212,000. Osaic Holdings Inc. boosted its holdings in shares of American Century Multisector Income ETF by 11.5% in 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 boosted its holdings in shares of 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 valued at $500,000 after buying an additional 761 shares in the last quarter. Finally, Flynn Zito Capital Management LLC boosted 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 purchasing an additional 996 shares in the last quarter.

American Century Multisector Income ETF Stock Down 0.2%

Shares of NYSEARCA:MUSI traded down $0.07 during trading on Wednesday, reaching $43.38. The stock had a trading volume of 25,730 shares, compared to its average volume of 16,202. American Century Multisector Income ETF has a one year low of $43.15 and a one year high of $44.80. The firm’s 50-day simple moving average is $43.71 and its 200 day simple moving average is $44.04.

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.