AB Short Duration High Yield ETF (NYSEARCA:SYFI – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 12,368 shares, a drop of 66.9% from the May 14th total of 37,341 shares. Based on an average trading volume of 144,749 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.
Institutional Investors Weigh In On AB Short Duration High Yield ETF
A number of institutional investors and hedge funds have recently modified their holdings of SYFI. Western Wealth Management LLC bought a new stake in shares of AB Short Duration High Yield ETF during the 1st quarter worth approximately $25,000. Hazlett Burt & Watson Inc. increased its holdings in AB Short Duration High Yield ETF by 628.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after purchasing an additional 767 shares during the period. Colonial Trust Advisors increased its holdings in AB Short Duration High Yield ETF by 103.3% during the 4th quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock worth $111,000 after purchasing an additional 1,575 shares during the period. Strategic Family Wealth Counselors L.L.C. purchased a new position in AB Short Duration High Yield ETF during the 3rd quarter worth $201,000. Finally, World Investment Advisors purchased a new position in AB Short Duration High Yield ETF during the 4th quarter worth $203,000.
AB Short Duration High Yield ETF Price Performance
Shares of SYFI stock opened at $35.52 on Thursday. AB Short Duration High Yield ETF has a 52-week low of $35.11 and a 52-week high of $36.28. The stock has a 50 day moving average price of $35.70 and a 200 day moving average price of $35.81.
About AB Short Duration High Yield ETF
The AB Short Duration High Yield ETF (SYFI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund of global fixed income securities, primarily with below investment grade ratings, of any maturities. It aims to maintain a dollar-weighted average portfolio duration of less than four years. SYFI was launched on Dec 7, 2011 and is issued by AB Funds.
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