American Century Select High Yield ETF (NYSEARCA:AHYB) Sees Large Growth in Short Interest

by · The Markets Daily

American Century Select High Yield ETF (NYSEARCA:AHYB – Get Free Report) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 5,932 shares, a growth of 120.6% from the July 30th total of 2,689 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average trading volume of 4,326 shares, the short-interest ratio is currently 1.4 days.

Hedge Funds Weigh In On American Century Select High Yield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in AHYB. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of American Century Select High Yield ETF by 10,352.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 7,630 shares of the company’s stock valued at $357,000 after buying an additional 7,557 shares during the period. Jane Street Group LLC bought a new position in American Century Select High Yield ETF in the second quarter valued at approximately $298,000. Networth Advisors LLC grew its stake in American Century Select High Yield ETF by 6.1% in the first quarter. Networth Advisors LLC now owns 48,958 shares of the company’s stock valued at $2,255,000 after purchasing an additional 2,794 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of American Century Select High Yield ETF during the 4th quarter worth approximately $60,000. Finally, MML Investors Services LLC increased its position in shares of American Century Select High Yield ETF by 8.0% during the 4th quarter. MML Investors Services LLC now owns 8,232 shares of the company’s stock worth $385,000 after purchasing an additional 613 shares during the last quarter.

American Century Select High Yield ETF Stock Down 0.2%

American Century Select High Yield ETF stock traded down $0.10 during midday trading on Friday, hitting $45.99. 1,866 shares of the stock were exchanged, compared to its average volume of 2,768. The company has a fifty day simple moving average of $46.05 and a two-hundred day simple moving average of $46.24. American Century Select High Yield ETF has a 52 week low of $45.54 and a 52 week high of $47.06.

American Century Select High Yield ETF Company Profile

(Get Free Report)

The American Century Select High Yield ETF (AHYB) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed portfolio of high-yield corporate bonds with typically 3 to 10 years maturity. AHYB was launched on Nov 16, 2021 and is managed by American Century Investments.

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