Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Declines By 22.6%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 30,982 shares, a decrease of 22.6% from the November 30th total of 40,013 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 78,437 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 78,437 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

AB Short Duration High Yield ETF Stock Down 0.1%

Shares of SYFI stock traded down $0.02 on Tuesday, hitting $36.09. 214,292 shares of the stock traded hands, compared to its average volume of 134,502. The firm has a 50 day simple moving average of $35.91 and a two-hundred day simple moving average of $35.93. AB Short Duration High Yield ETF has a 52 week low of $33.50 and a 52 week high of $36.29.

Institutional Trading of AB Short Duration High Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in AB Short Duration High Yield ETF by 259.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 302,908 shares of the company’s stock worth $10,856,000 after acquiring an additional 218,596 shares in the last quarter. Private Trust Co. NA boosted its stake in shares of AB Short Duration High Yield ETF by 41.3% during the second quarter. Private Trust Co. NA now owns 4,955 shares of the company’s stock valued at $178,000 after purchasing an additional 1,448 shares in the last quarter. Alliancebernstein L.P. increased its holdings in AB Short Duration High Yield ETF by 8.4% during the first quarter. Alliancebernstein L.P. now owns 4,915,959 shares of the company’s stock valued at $174,713,000 after buying an additional 379,233 shares during the period. TME Financial Inc. bought a new position in AB Short Duration High Yield ETF in the second quarter worth approximately $1,245,000. Finally, KMG Fiduciary Partners LLC lifted its holdings in AB Short Duration High Yield ETF by 11.2% during the second quarter. KMG Fiduciary Partners LLC now owns 31,757 shares of the company’s stock worth $1,142,000 after buying an additional 3,192 shares during the period.

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.