American Century Multisector Floating Income ETF (NYSEARCA:FUSI) Sees Significant Growth in Short Interest

American Century Multisector Floating Income ETF (NYSEARCA:FUSI) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 5,151 shares, a growth of 72.7% from the April 30th total of 2,983 shares. Based on an average trading volume of 2,800 shares, the short-interest ratio is currently 1.8 days. Approximately 1.1% of the shares of the company are sold short.

Institutional Trading of American Century Multisector Floating Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Jane Street Group LLC raised its position in shares of American Century Multisector Floating Income ETF by 195.0% during the 4th quarter. Jane Street Group LLC now owns 44,453 shares of the company’s stock valued at $2,237,000 after purchasing an additional 29,382 shares during the period. Envestnet Asset Management Inc. raised its position in shares of American Century Multisector Floating Income ETF by 56.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 41,957 shares of the company’s stock valued at $2,131,000 after purchasing an additional 15,189 shares during the period. Weaver Consulting Group raised its position in shares of American Century Multisector Floating Income ETF by 10.7% during the 4th quarter. Weaver Consulting Group now owns 40,697 shares of the company’s stock valued at $2,048,000 after purchasing an additional 3,930 shares during the period. Finally, Kestra Advisory Services LLC bought a new stake in shares of American Century Multisector Floating Income ETF during the 4th quarter valued at $69,000.

American Century Multisector Floating Income ETF Trading Down 0.0%

FUSI opened at $50.62 on Thursday. American Century Multisector Floating Income ETF has a 1-year low of $50.10 and a 1-year high of $50.91. The firm’s 50 day simple moving average is $50.40 and its two-hundred day simple moving average 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.