AB Short Duration High Yield ETF (NYSEARCA:SYFI) Stock Short Interest Falls 40.5%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totaling 9,067 shares, a decrease of 40.5% from the August 31st total of 15,235 shares. Based on an average daily trading volume, of 81,369 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

Several hedge funds have recently made changes to their positions in SYFI. Western Wealth Management LLC acquired a new stake in shares of AB Short Duration High Yield ETF during the first quarter worth about $25,000. Hazlett Burt & Watson Inc. boosted its position in shares of AB Short Duration High Yield ETF by 628.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock valued at $31,000 after purchasing an additional 767 shares during the period. World Investment Advisors acquired a new stake in shares of AB Short Duration High Yield ETF in the 4th quarter valued at about $203,000. First Heartland Consultants Inc. grew its stake in AB Short Duration High Yield ETF by 12.8% during the 2nd quarter. First Heartland Consultants Inc. now owns 10,061 shares of the company’s stock worth $359,000 after buying an additional 1,142 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in AB Short Duration High Yield ETF by 7,236.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 35,582 shares of the company’s stock worth $1,278,000 after buying an additional 35,097 shares during the last quarter.

AB Short Duration High Yield ETF Stock Up 0.2%

NYSEARCA SYFI opened at $35.01 on Wednesday. The firm’s fifty day moving average price is $35.51 and its 200 day moving average price is $35.59. AB Short Duration High Yield ETF has a 12 month low of $34.87 and a 12 month high of $36.21.

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.