AB Short Duration High Yield ETF (NYSEARCA:SYFI – Get Free Report) saw a large drop in short interest in March. As of March 31st, there was short interest totaling 4,606 shares, a drop of 38.6% from the March 15th total of 7,500 shares. Based on an average daily trading volume, of 114,628 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.
Institutional Investors Weigh In On AB Short Duration High Yield ETF
Several large investors have recently bought and sold shares of the business. UBS Group AG grew its stake in shares of AB Short Duration High Yield ETF by 1.5% during the 4th quarter. UBS Group AG now owns 2,196,535 shares of the company’s stock valued at $78,922,000 after purchasing an additional 32,838 shares during the period. Bank of America Corp DE grew its stake in shares of AB Short Duration High Yield ETF by 7.9% during the 3rd quarter. Bank of America Corp DE now owns 1,658,210 shares of the company’s stock valued at $59,911,000 after purchasing an additional 121,176 shares during the period. Royal Bank of Canada grew its stake in shares of AB Short Duration High Yield ETF by 39.0% during the 4th quarter. Royal Bank of Canada now owns 1,461,513 shares of the company’s stock valued at $52,513,000 after purchasing an additional 410,370 shares during the period. LPL Financial LLC grew its stake in shares of AB Short Duration High Yield ETF by 1.8% during the 4th quarter. LPL Financial LLC now owns 1,166,323 shares of the company’s stock valued at $41,906,000 after purchasing an additional 20,708 shares during the period. Finally, Wagner Wealth Management LLC grew its stake in shares of AB Short Duration High Yield ETF by 32.7% during the 4th quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock valued at $40,491,000 after purchasing an additional 277,538 shares during the period.
AB Short Duration High Yield ETF Price Performance
NYSEARCA SYFI traded up $0.12 during trading hours on Tuesday, hitting $35.83. The company’s stock had a trading volume of 112,531 shares, compared to its average volume of 145,450. AB Short Duration High Yield ETF has a 12 month low of $34.71 and a 12 month high of $36.28. The company’s 50 day simple moving average is $35.67 and its two-hundred day simple moving average is $35.85.
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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