AB Short Duration High Yield ETF (NYSEARCA:SYFI – Get Free Report) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 61,134 shares, an increase of 348.2% from the June 30th total of 13,639 shares. Based on an average daily volume of 79,355 shares, the short-interest ratio is presently 0.8 days. Currently, 0.2% of the company’s stock are sold short.
AB Short Duration High Yield ETF Price Performance
AB Short Duration High Yield ETF stock opened at $35.56 on Tuesday. AB Short Duration High Yield ETF has a 1-year low of $35.11 and a 1-year high of $36.28. The business has a fifty day moving average price of $35.65 and a 200-day moving average price of $35.73.
Institutional Investors Weigh In On AB Short Duration High Yield ETF
Several institutional investors have recently added to or reduced their stakes in SYFI. Goldman Sachs Group Inc. raised its position in shares of AB Short Duration High Yield ETF by 1,654.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after purchasing an additional 955,288 shares during the last quarter. Jane Street Group LLC increased its stake in AB Short Duration High Yield ETF by 384.7% during the 1st quarter. Jane Street Group LLC now owns 86,964 shares of the company’s stock valued at $3,091,000 after purchasing an additional 69,024 shares in the last quarter. Bank of America Corp DE increased its stake in AB Short Duration High Yield ETF by 94.8% during the 2nd quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock valued at $55,261,000 after purchasing an additional 747,816 shares in the last quarter. IHT Wealth Management LLC raised its holdings in shares of AB Short Duration High Yield ETF by 12.9% in the second quarter. IHT Wealth Management LLC now owns 9,391 shares of the company’s stock worth $338,000 after buying an additional 1,073 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of AB Short Duration High Yield ETF by 8.2% in the second quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock worth $700,000 after buying an additional 1,483 shares during the last quarter.
AB Short Duration High Yield ETF Company Profile
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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