AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 932 shares, a drop of 44.3% from the June 15th total of 1,673 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 21,030 shares, the days-to-cover ratio is presently 0.0 days.
AB Short Duration Income ETF Stock Performance
SDFI remained flat at $35.46 on Thursday. 16,355 shares of the company were exchanged, compared to its average volume of 22,163. The stock has a market cap of $177.30 million, a P/E ratio of 10.94 and a beta of 0.05. The business has a 50-day moving average price of $35.49 and a 200 day moving average price of $35.65. AB Short Duration Income ETF has a 52-week low of $35.00 and a 52-week high of $36.15.
Hedge Funds Weigh In On AB Short Duration Income ETF
Institutional investors and hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. raised its holdings 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. Beto Financial Group LLC purchased a new position in AB Short Duration Income ETF in the fourth quarter valued at about $2,460,000. LPL Financial LLC grew its stake in 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 stake in AB Short Duration Income ETF by 432.8% in the first quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock valued at $1,706,000 after purchasing an additional 38,906 shares in the last quarter. Finally, World Investment Advisors acquired a new position in AB Short Duration Income ETF in the 4th quarter worth about $300,000.
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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