AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Update

AB Short Duration Income ETF (NYSEARCA:SDFI) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 201 shares, a drop of 74.1% from the January 29th total of 777 shares. Based on an average daily volume of 11,293 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 11,293 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Global Retirement Partners LLC purchased a new position in shares of AB Short Duration Income ETF during the 4th quarter valued at $28,000. Raymond James Financial Inc. bought a new stake in AB Short Duration Income ETF during the second quarter valued at $45,000. Wagner Wealth Management LLC purchased a new position in AB Short Duration Income ETF during the fourth quarter worth about $117,000. Kestra Advisory Services LLC purchased a new position in AB Short Duration Income ETF during the fourth quarter worth about $138,000. Finally, World Investment Advisors bought a new position in AB Short Duration Income ETF in the 4th quarter worth about $300,000.

AB Short Duration Income ETF Price Performance

Shares of SDFI traded up $0.04 during midday trading on Thursday, hitting $35.96. 12,156 shares of the company traded hands, compared to its average volume of 25,941. AB Short Duration Income ETF has a one year low of $35.14 and a one year high of $36.15. The firm has a market cap of $154.63 million, a P/E ratio of 10.94 and a beta of 0.05. The stock has a 50-day moving average of $35.85 and a 200-day moving average of $35.87.

AB Short Duration Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a dividend of $0.1323 per share. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, February 2nd.

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.