Short Interest in American Century Multisector Floating Income ETF (NYSEARCA:FUSI) Increases By 85.1%

American Century Multisector Floating Income ETF (NYSEARCA:FUSI) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 9,537 shares, an increase of 85.1% from the May 14th total of 5,151 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average trading volume of 3,678 shares, the days-to-cover ratio is currently 2.6 days.

Institutional Investors Weigh In On American Century Multisector Floating Income ETF

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new stake in shares of American Century Multisector Floating Income ETF in the 4th quarter worth approximately $69,000. Jane Street Group LLC lifted its holdings in shares of American Century Multisector Floating Income ETF by 325.2% in the 2nd quarter. Jane Street Group LLC now owns 19,526 shares of the company’s stock worth $989,000 after acquiring an additional 14,934 shares during the last quarter. Weaver Consulting Group lifted its holdings in shares of American Century Multisector Floating Income ETF by 17.2% in the 3rd quarter. Weaver Consulting Group now owns 36,767 shares of the company’s stock worth $1,867,000 after acquiring an additional 5,408 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of American Century Multisector Floating Income ETF by 56.7% in the 3rd quarter. Envestnet Asset Management Inc. now owns 41,957 shares of the company’s stock worth $2,131,000 after acquiring an additional 15,189 shares during the last quarter.

American Century Multisector Floating Income ETF Stock Performance

Shares of FUSI remained flat at $50.56 during mid-day trading on Tuesday. 1,490 shares of the stock were exchanged, compared to its average volume of 2,009. American Century Multisector Floating Income ETF has a 1 year low of $50.10 and a 1 year high of $50.91. The stock’s 50 day moving average price is $50.42 and its two-hundred day moving average price is $50.40.

About American Century Multisector Floating Income ETF

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.