Short Interest in American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) Drops By 62.0%

American Century Diversified Corporate Bond ETF (NYSEARCA:KORP) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 16,245 shares, a drop of 62.0% from the June 15th total of 42,741 shares. Based on an average trading volume of 77,234 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 Price Performance

KORP traded up $0.12 on Wednesday, reaching $46.33. The company had a trading volume of 92,408 shares, compared to its average volume of 102,590. American Century Diversified Corporate Bond ETF has a 1 year low of $46.03 and a 1 year high of $48.16. The stock has a 50-day moving average price of $46.64 and a 200-day moving average price of $47.00.

Institutional Trading of American Century Diversified Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in KORP. Farther Finance Advisors LLC purchased a new position in American Century Diversified Corporate Bond ETF during the 4th quarter worth approximately $40,000. Westside Investment Management Inc. lifted its stake in American Century Diversified Corporate Bond ETF by 51.6% in the fourth quarter. Westside Investment Management Inc. now owns 940 shares of the company’s stock valued at $44,000 after buying an additional 320 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of American Century Diversified Corporate Bond ETF in the fourth quarter valued at approximately $52,000. Comerica Bank acquired a new stake in shares of American Century Diversified Corporate Bond ETF in the fourth quarter valued at approximately $99,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of American Century Diversified Corporate Bond ETF during the first quarter worth approximately $137,000.

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.