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

AB Short Duration Income ETF (NYSEARCA:SDFI) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,425 shares, an increase of 159.9% from the July 15th total of 1,318 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 51,423 shares, the short-interest ratio is currently 0.1 days.

AB Short Duration Income ETF Price Performance

NYSEARCA:SDFI traded down $0.02 during midday trading on Friday, reaching $35.44. 1,124 shares of the company traded hands, compared to its average volume of 25,221. AB Short Duration Income ETF has a twelve month low of $35.00 and a twelve month high of $36.15. The firm has a market capitalization of $184.29 million, a price-to-earnings ratio of 10.94 and a beta of 0.05. The company has a fifty day moving average price of $35.43 and a 200 day moving average price of $35.59.

Institutional Investors Weigh In On AB Short Duration Income ETF

A number of hedge funds have recently added to or reduced their stakes in SDFI. Global Retirement Partners LLC bought a new position in shares of AB Short Duration Income ETF during the fourth quarter worth about $28,000. Raymond James Financial Inc. bought a new stake in AB Short Duration Income ETF in the 2nd quarter valued at about $45,000. Kestra Advisory Services LLC lifted its position in AB Short Duration Income ETF by 48.0% in the 1st 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 during the last quarter. Envestnet Asset Management Inc. boosted its stake in AB Short Duration Income ETF by 19.4% during the 3rd 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 during the period. Finally, World Investment Advisors boosted its stake in AB Short Duration Income ETF by 24.0% during the 1st 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 during the period.

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.