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

American Century Multisector Floating Income ETF (NYSEARCA:FUSI) was the target of a significant increase in short interest in 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. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily volume of 3,678 shares, the days-to-cover ratio is presently 2.6 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of FUSI. Jane Street Group LLC raised its stake in American Century Multisector Floating Income ETF by 325.2% in the second quarter. Jane Street Group LLC now owns 19,526 shares of the company’s stock valued at $989,000 after purchasing an additional 14,934 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in American Century Multisector Floating Income ETF by 56.7% in the third 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 in the last quarter. Weaver Consulting Group raised its stake in American Century Multisector Floating Income ETF by 17.2% in the third quarter. Weaver Consulting Group now owns 36,767 shares of the company’s stock valued at $1,867,000 after purchasing an additional 5,408 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in American Century Multisector Floating Income ETF in the fourth quarter valued at about $69,000.

American Century Multisector Floating Income ETF Price Performance

FUSI stock opened at $50.56 on Wednesday. The business has a 50-day simple moving average of $50.43 and a 200 day simple moving average of $50.40. American Century Multisector Floating Income ETF has a 52 week low of $50.10 and a 52 week high of $50.91.

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.