AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 11,997 shares, a growth of 333.1% from the August 15th total of 2,770 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 17,666 shares, the short-interest ratio is currently 0.7 days.
AB Short Duration Income ETF Stock Down 0.1%
NYSEARCA SDFI opened at $35.03 on Friday. The company’s 50 day moving average is $35.37 and its 200-day moving average is $35.52. AB Short Duration Income ETF has a 12-month low of $35.00 and a 12-month high of $36.15. The firm has a market cap of $182.16 million, a P/E ratio of 10.94 and a beta of 0.05.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of SDFI. Alliancebernstein L.P. lifted its position in shares of AB Short Duration Income ETF by 14.4% during the third quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after acquiring an additional 394,730 shares in the last quarter. LPL Financial LLC grew its position in shares of AB Short Duration Income ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock valued at $9,118,000 after purchasing an additional 41,010 shares in the last quarter. Jane Street Group LLC grew its position in shares of AB Short Duration Income ETF by 61.4% in the second quarter. Jane Street Group LLC now owns 77,284 shares of the company’s stock valued at $2,780,000 after purchasing an additional 29,389 shares in the last quarter. Beto Financial Group LLC bought a new stake in shares of AB Short Duration Income ETF during the 4th quarter valued at $2,460,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of AB Short Duration Income ETF by 19.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock valued at $441,000 after purchasing an additional 1,997 shares during the period.
AB Short Duration Income ETF Company Profile
The AB Short Duration Income ETF (SDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US and foreign income-producing fixed income securities with various credit ratings and maturities. It aims to maintain a dollar-weighted average portfolio duration of less than three years. SDFI was launched on Dec 12, 2018 and is issued by AB Funds.
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