AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Down 87.1% in January

AB Short Duration Income ETF (NYSEARCA:SDFI) was the target of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 777 shares, a decrease of 87.1% from the January 15th total of 6,046 shares. Based on an average daily volume of 24,322 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 24,322 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On AB Short Duration Income ETF

A number of institutional investors have recently bought and sold shares of the business. Alliancebernstein L.P. boosted its stake in shares of AB Short Duration Income ETF by 14.4% during the 3rd quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after acquiring an additional 394,730 shares during the period. LPL Financial LLC lifted its holdings in AB Short Duration Income ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock valued at $9,118,000 after purchasing an additional 41,010 shares during the last quarter. Jane Street Group LLC boosted its position in AB Short Duration Income ETF by 61.4% during the second quarter. Jane Street Group LLC now owns 77,284 shares of the company’s stock worth $2,780,000 after purchasing an additional 29,389 shares during the period. Beto Financial Group LLC bought a new position in AB Short Duration Income ETF during the fourth quarter worth $2,460,000. Finally, Envestnet Asset Management Inc. increased its holdings in shares of AB Short Duration Income ETF by 19.4% in the third 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 last quarter.

AB Short Duration Income ETF Price Performance

SDFI stock traded down $0.02 during midday trading on Wednesday, hitting $35.80. The company’s stock had a trading volume of 1,154 shares, compared to its average volume of 17,530. The company’s fifty day moving average price is $35.84 and its 200 day moving average price is $35.86. AB Short Duration Income ETF has a twelve month low of $35.14 and a twelve month high of $36.08. The stock has a market capitalization of $153.94 million, a P/E ratio of 10.94 and a beta of 0.05.

AB Short Duration Income ETF Cuts Dividend

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

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.