American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) Sees Large Decrease in Short Interest

American Century Focused Dynamic Growth ETF (NYSEARCA:FDG) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 6,408 shares, a drop of 55.6% from the June 30th total of 14,448 shares. Based on an average daily trading volume, of 9,859 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are sold short.

American Century Focused Dynamic Growth ETF Price Performance

Shares of FDG traded down $1.91 during mid-day trading on Tuesday, hitting $122.13. The stock had a trading volume of 11,922 shares, compared to its average volume of 19,570. American Century Focused Dynamic Growth ETF has a 52 week low of $108.74 and a 52 week high of $141.46. The business has a fifty day moving average price of $133.00 and a 200-day moving average price of $126.93. The firm has a market cap of $381.05 million, a P/E ratio of 34.07 and a beta of 1.28.

Institutional Investors Weigh In On American Century Focused Dynamic Growth ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. lifted its holdings in American Century Focused Dynamic Growth ETF by 102.5% during the fourth quarter. NBC Securities Inc. now owns 802 shares of the company’s stock valued at $102,000 after purchasing an additional 406 shares during the last quarter. Osaic Holdings Inc. increased its stake in shares of American Century Focused Dynamic Growth ETF by 2.3% in the fourth quarter. Osaic Holdings Inc. now owns 23,375 shares of the company’s stock worth $2,965,000 after purchasing an additional 533 shares in the last quarter. Realta Investment Advisors lifted its holdings in American Century Focused Dynamic Growth ETF by 33.0% during the 1st quarter. Realta Investment Advisors now owns 2,738 shares of the company’s stock worth $312,000 after purchasing an additional 679 shares in the last quarter. Slagle Financial LLC lifted its holdings in American Century Focused Dynamic Growth ETF by 2.6% during the 4th quarter. Slagle Financial LLC now owns 28,098 shares of the company’s stock worth $3,564,000 after purchasing an additional 700 shares in the last quarter. Finally, MML Investors Services LLC boosted its stake in American Century Focused Dynamic Growth ETF by 17.1% in the 2nd quarter. MML Investors Services LLC now owns 5,439 shares of the company’s stock worth $594,000 after purchasing an additional 793 shares during the period.

About American Century Focused Dynamic Growth ETF

The American Century Focused Dynamic Growth ETF (FDG) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively-managed, non-transparent ETF that invests in a narrow selection of mid- and large-cap growth companies in the US. The fund utilizes the Precidian non-transparent model. FDG was launched on Mar 31, 2020 and is issued by American Century Investments.