Short Interest in American Century Select High Yield ETF (NYSEARCA:AHYB) Drops By 12.8%

American Century Select High Yield ETF (NYSEARCA:AHYB) was the recipient of a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 2,285 shares, a decrease of 12.8% from the February 12th total of 2,621 shares. Based on an average trading volume of 1,995 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.2% of the company’s stock are sold short. Approximately 0.2% of the company’s stock are sold short. Based on an average trading volume of 1,995 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On American Century Select High Yield ETF

A number of institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of American Century Select High Yield ETF in the 2nd quarter worth approximately $298,000. AE Wealth Management LLC increased its position in American Century Select High Yield ETF by 35.0% in the third quarter. AE Wealth Management LLC now owns 10,044 shares of the company’s stock worth $471,000 after buying an additional 2,604 shares during the period. Envestnet Asset Management Inc. lifted its stake in American Century Select High Yield ETF by 41.4% in the third quarter. Envestnet Asset Management Inc. now owns 856,406 shares of the company’s stock valued at $40,157,000 after buying an additional 250,814 shares during the last quarter. Networth Advisors LLC bought a new stake in American Century Select High Yield ETF in the fourth quarter valued at $2,158,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of American Century Select High Yield ETF during the fourth quarter valued at $60,000.

American Century Select High Yield ETF Trading Down 0.4%

NYSEARCA AHYB opened at $45.97 on Thursday. American Century Select High Yield ETF has a 12 month low of $43.55 and a 12 month high of $47.06. The company’s fifty day moving average price is $46.72 and its two-hundred day moving average price is $46.70.

American Century Select High Yield ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, February 9th. Stockholders of record on Thursday, February 5th were issued a $0.249 dividend. This is a positive change from American Century Select High Yield ETF’s previous monthly dividend of $0.21. The ex-dividend date was Thursday, February 5th. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

About American Century Select High Yield ETF

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.