AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 3,425 shares, an increase of 159.9% from the July 15th total of 1,318 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 51,423 shares, the days-to-cover ratio is presently 0.1 days.
AB Short Duration Income ETF Stock Up 0.2%
AB Short Duration Income ETF stock opened at $35.46 on Friday. The company has a market capitalization of $184.39 million, a PE ratio of 10.94 and a beta of 0.05. The firm has a fifty day simple moving average of $35.43 and a two-hundred day simple moving average of $35.59. AB Short Duration Income ETF has a twelve month low of $35.00 and a twelve month high of $36.15.
Institutional Investors Weigh In On AB Short Duration Income ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its stake in AB Short Duration Income ETF by 14.4% in the 3rd quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after purchasing an additional 394,730 shares during the period. Beto Financial Group LLC purchased a new stake in shares of AB Short Duration Income ETF during the fourth quarter valued at approximately $2,460,000. LPL Financial LLC grew its holdings 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 worth $9,118,000 after purchasing an additional 41,010 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of 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 worth $1,706,000 after purchasing an additional 38,906 shares during the last quarter. Finally, World Investment Advisors purchased a new position in shares of AB Short Duration Income ETF in the fourth quarter worth $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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