AB Short Duration High Yield ETF (NYSEARCA:SYFI) Stock Short Interest Drops 60.3%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 13,395 shares, a decline of 60.3% from the September 30th total of 33,743 shares. Based on an average trading volume of 169,059 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On AB Short Duration High Yield ETF

Several hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. lifted its holdings in shares of AB Short Duration High Yield ETF by 36.7% in the 3rd quarter. Vise Technologies Inc. now owns 92,857 shares of the company’s stock valued at $3,244,000 after buying an additional 24,930 shares during the period. D.A. Davidson & CO. bought a new stake in shares of AB Short Duration High Yield ETF in the third quarter worth about $484,000. Root Financial Partners LLC acquired a new position in AB Short Duration High Yield ETF during the third quarter valued at approximately $28,000. Encompass More Asset Management boosted its holdings in AB Short Duration High Yield ETF by 67.6% in the 3rd quarter. Encompass More Asset Management now owns 25,370 shares of the company’s stock worth $886,000 after buying an additional 10,237 shares during the period. Finally, First Heartland Consultants Inc. purchased a new position in AB Short Duration High Yield ETF during the third quarter valued at $370,000.

AB Short Duration High Yield ETF Stock Performance

AB Short Duration High Yield ETF stock opened at $35.16 on Thursday. AB Short Duration High Yield ETF has a 12 month low of $34.60 and a 12 month high of $36.14. The business has a 50 day simple moving average of $35.21 and a 200-day simple moving average of $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.