American Century Multisector Floating Income ETF (NYSEARCA:FUSI) Sees Large Drop in Short Interest

American Century Multisector Floating Income ETF (NYSEARCA:FUSI) was the recipient of a large drop in short interest during the month of May. As of May 31st, there was short interest totalling 500 shares, a drop of 28.6% from the May 15th total of 700 shares. Based on an average daily trading volume, of 6,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in American Century Multisector Floating Income ETF stock. Envestnet Asset Management Inc. raised its stake in American Century Multisector Floating Income ETF (NYSEARCA:FUSI) by 19.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,407 shares of the company’s stock after purchasing an additional 4,562 shares during the quarter. Envestnet Asset Management Inc. owned 2.84% of American Century Multisector Floating Income ETF worth $1,441,000 at the end of the most recent reporting period.

American Century Multisector Floating Income ETF Stock Performance

NYSEARCA:FUSI opened at $50.51 on Tuesday. The stock’s 50 day moving average price is $50.43 and its 200 day moving average price is $50.57. American Century Multisector Floating Income ETF has a 52-week low of $50.19 and a 52-week high of $51.16.

American Century Multisector Floating Income ETF Company Profile

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.