AB Short Duration High Yield ETF (NYSEARCA:SYFI – Get Free Report) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 9,067 shares, a drop of 40.5% from the August 31st total of 15,235 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 81,369 shares, the days-to-cover ratio is currently 0.1 days.
Institutional Trading of AB Short Duration High Yield ETF
Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its position in shares of AB Short Duration High Yield ETF by 2.3% in the 2nd quarter. NewEdge Advisors LLC now owns 957,335 shares of the company’s stock worth $34,191,000 after buying an additional 21,326 shares during the last quarter. Citadel Advisors LLC boosted its holdings in shares of AB Short Duration High Yield ETF by 43.0% in the 2nd quarter. Citadel Advisors LLC now owns 93,166 shares of the company’s stock valued at $3,327,000 after buying an additional 28,012 shares during the period. Next Level Private LLC grew its position in shares of AB Short Duration High Yield ETF by 6.6% during the 2nd quarter. Next Level Private LLC now owns 254,563 shares of the company’s stock valued at $9,092,000 after buying an additional 15,727 shares during the last quarter. First Heartland Consultants Inc. grew its position in shares of AB Short Duration High Yield ETF by 12.8% during the 2nd quarter. First Heartland Consultants Inc. now owns 10,061 shares of the company’s stock valued at $359,000 after buying an additional 1,142 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new stake in AB Short Duration High Yield ETF during the first quarter worth about $25,000.
AB Short Duration High Yield ETF Stock Performance
Shares of SYFI stock traded down $0.21 on Thursday, hitting $34.72. 339,753 shares of the stock traded hands, compared to its average volume of 128,891. AB Short Duration High Yield ETF has a 1-year low of $34.60 and a 1-year high of $36.15. The company’s fifty day moving average is $35.49 and its 200 day moving average is $35.59.
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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