AB Short Duration High Yield ETF (NYSEARCA:SYFI) Sees Significant Drop in Short Interest

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 22,999 shares, a decline of 62.4% from the July 15th total of 61,134 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 107,621 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of AB Short Duration High Yield ETF

Several hedge funds have recently added to or reduced their stakes in SYFI. Western Wealth Management LLC acquired a new position in AB Short Duration High Yield ETF during the 1st quarter worth $25,000. Hazlett Burt & Watson Inc. lifted its holdings in AB Short Duration High Yield ETF by 628.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after purchasing an additional 767 shares during the period. Colonial Trust Advisors lifted its holdings in AB Short Duration High Yield ETF by 103.3% in the fourth quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock worth $111,000 after purchasing an additional 1,575 shares during the period. World Investment Advisors bought a new position in AB Short Duration High Yield ETF in the 4th quarter valued at about $203,000. Finally, Captrust Financial Advisors bought a new position in AB Short Duration High Yield ETF in the 4th quarter valued at about $216,000.

AB Short Duration High Yield ETF Stock Performance

NYSEARCA SYFI remained flat at $35.67 on Friday. 85,887 shares of the company’s stock traded hands, compared to its average volume of 127,561. The firm’s 50 day simple moving average is $35.63 and its 200-day simple moving average is $35.70. AB Short Duration High Yield ETF has a 1 year low of $35.11 and a 1 year high of $36.28.

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.