AB Short Duration Income ETF (NYSEARCA:SDFI) Sees Large Increase in Short Interest

AB Short Duration Income ETF (NYSEARCA:SDFI) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 1,673 shares, a growth of ? from the May 31st total of 0 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 39,237 shares, the short-interest ratio is currently 0.0 days.

AB Short Duration Income ETF Trading Up 0.1%

SDFI traded up $0.04 on Thursday, hitting $35.44. 2,022 shares of the company’s stock were exchanged, compared to its average volume of 21,900. AB Short Duration Income ETF has a fifty-two week low of $35.00 and a fifty-two week high of $36.15. The firm has a 50-day moving average price of $35.54 and a 200-day moving average price of $35.69. The stock has a market cap of $173.66 million, a price-to-earnings ratio of 10.94 and a beta of 0.05.

Hedge Funds Weigh In On AB Short Duration Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SDFI. Global Retirement Partners LLC acquired a new stake in AB Short Duration Income ETF in the 4th quarter valued at about $28,000. Raymond James Financial Inc. acquired a new position in shares of AB Short Duration Income ETF during the 2nd quarter worth approximately $45,000. Kestra Advisory Services LLC grew its position in shares of AB Short Duration Income ETF by 48.0% in the first quarter. Kestra Advisory Services LLC now owns 5,723 shares of the company’s stock valued at $204,000 after purchasing an additional 1,856 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of AB Short Duration Income ETF by 19.4% in the third quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock valued at $441,000 after purchasing an additional 1,997 shares in the last quarter. Finally, World Investment Advisors grew its position in shares of AB Short Duration Income ETF by 24.0% in the first quarter. World Investment Advisors now owns 10,385 shares of the company’s stock valued at $370,000 after purchasing an additional 2,008 shares in the last quarter.

About AB Short Duration Income ETF

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.