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

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 33,743 shares, an increase of 272.2% from the September 15th total of 9,067 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 190,393 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada boosted its position in AB Short Duration High Yield ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 1,496,093 shares of the company’s stock valued at $53,142,000 after buying an additional 34,580 shares during the last quarter. Bank of America Corp DE boosted its stake in AB Short Duration High Yield ETF by 35.2% in the 1st quarter. Bank of America Corp DE now owns 1,479,552 shares of the company’s stock worth $52,554,000 after purchasing an additional 384,835 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of AB Short Duration High Yield ETF by 1,700.2% during the first quarter. Arkadios Wealth Advisors now owns 1,299,942 shares of the company’s stock worth $46,174,000 after buying an additional 1,227,733 shares in the last quarter. Wagner Wealth Management LLC raised its holdings in shares of 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 during the last quarter. Finally, NewEdge Advisors LLC lifted its position in AB Short Duration High Yield ETF by 2.3% during the 2nd quarter. NewEdge Advisors LLC now owns 957,335 shares of the company’s stock worth $34,191,000 after buying an additional 21,326 shares in the last quarter.

AB Short Duration High Yield ETF Stock Performance

NYSEARCA SYFI traded up $0.04 on Friday, reaching $34.94. 104,942 shares of the stock traded hands, compared to its average volume of 128,750. The firm’s fifty day simple moving average is $35.39 and its 200 day simple moving average is $35.56. AB Short Duration High Yield ETF has a 12 month low of $34.60 and a 12 month high of $36.15.

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.