American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Sees Large Increase in Short Interest

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 21,683 shares, a growth of 58.7% from the May 14th total of 13,664 shares. Based on an average trading volume of 90,700 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

American Century Diversified Corporate Bond ETF Stock Performance

Shares of KORP stock traded up $0.12 during mid-day trading on Tuesday, hitting $46.85. 44,453 shares of the stock were exchanged, compared to its average volume of 104,992. The stock’s fifty day simple moving average is $46.73 and its two-hundred day simple moving average is $47.10. American Century Diversified Corporate Bond ETF has a 12-month low of $46.03 and a 12-month high of $48.16.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its position in American Century Diversified Corporate Bond ETF by 51.6% during the fourth quarter. Westside Investment Management Inc. now owns 940 shares of the company’s stock worth $44,000 after buying an additional 320 shares during the period. Joseph P. Lucia & Associates LLC lifted its stake in American Century Diversified Corporate Bond ETF by 2.5% in the fourth quarter. Joseph P. Lucia & Associates LLC now owns 16,212 shares of the company’s stock valued at $766,000 after buying an additional 390 shares during the last quarter. Calton & Associates Inc. boosted its holdings in shares of American Century Diversified Corporate Bond ETF by 2.3% in the fourth quarter. Calton & Associates Inc. now owns 21,151 shares of the company’s stock valued at $999,000 after acquiring an additional 467 shares during the period. First Bank & Trust boosted its holdings in shares of American Century Diversified Corporate Bond ETF by 7.6% in the fourth quarter. First Bank & Trust now owns 6,782 shares of the company’s stock valued at $320,000 after acquiring an additional 481 shares during the period. Finally, Camarda Financial Advisors LLC grew its position in shares of American Century Diversified Corporate Bond ETF by 3.1% during the second quarter. Camarda Financial Advisors LLC now owns 21,053 shares of the company’s stock worth $991,000 after acquiring an additional 632 shares during the last quarter.

American Century Diversified Corporate Bond ETF Company Profile

The American Century Diversified Corporate Bond ETF (KORP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed, U.S. denominated portfolio of corporate debt securities and investments KORP was launched on Jan 11, 2018 and is managed by American Century Investments.