AB Short Duration High Yield ETF (NYSEARCA:SYFI) Sees Significant Drop in Short Interest

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 15,235 shares, a decline of 53.6% from the August 15th total of 32,839 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 110,352 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

A number of institutional investors have recently added to or reduced their stakes in SYFI. UBS Group AG raised its holdings in shares of AB Short Duration High Yield ETF by 3.4% in the 3rd quarter. UBS Group AG now owns 2,163,697 shares of the company’s stock valued at $78,174,000 after acquiring an additional 71,277 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of AB Short Duration High Yield ETF by 7.9% during the third quarter. Bank of America Corp DE now owns 1,658,210 shares of the company’s stock worth $59,911,000 after purchasing an additional 121,176 shares in the last quarter. Royal Bank of Canada increased its position in shares of AB Short Duration High Yield ETF by 2.4% in the first quarter. Royal Bank of Canada now owns 1,496,093 shares of the company’s stock worth $53,142,000 after purchasing an additional 34,580 shares during the last quarter. Arkadios Wealth Advisors increased its position in shares of AB Short Duration High Yield ETF by 1,700.2% in the first quarter. Arkadios Wealth Advisors now owns 1,299,942 shares of the company’s stock worth $46,174,000 after purchasing an additional 1,227,733 shares during the last quarter. Finally, Wagner Wealth Management LLC raised its stake in AB Short Duration High Yield ETF by 9.9% in the first quarter. Wagner Wealth Management LLC now owns 1,238,146 shares of the company’s stock valued at $43,979,000 after purchasing an additional 111,191 shares in the last quarter.

AB Short Duration High Yield ETF Price Performance

AB Short Duration High Yield ETF stock opened at $35.31 on Monday. AB Short Duration High Yield ETF has a fifty-two week low of $35.11 and a fifty-two week high of $36.28. The firm’s fifty day moving average price is $35.61 and its 200-day moving average price is $35.64.

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.