Short Interest in AB Short Duration Income ETF (NYSEARCA:SDFI) Grows By 1,011.4%

AB Short Duration Income ETF (NYSEARCA:SDFI) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 2,234 shares, a growth of 1,011.4% from the February 12th total of 201 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 57,245 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 57,245 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

AB Short Duration Income ETF Stock Performance

Shares of NYSEARCA:SDFI traded down $0.01 during midday trading on Tuesday, reaching $35.75. 7,037 shares of the company’s stock traded hands, compared to its average volume of 25,046. The company has a fifty day simple moving average of $35.83 and a two-hundred day simple moving average of $35.87. AB Short Duration Income ETF has a 1 year low of $35.14 and a 1 year high of $36.15. The company has a market cap of $153.73 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 announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.124 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.2%.

Institutional Trading of AB Short Duration Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of SDFI. Alliancebernstein L.P. lifted its stake in AB Short Duration Income ETF by 14.4% in the 3rd quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock valued at $112,876,000 after buying an additional 394,730 shares in the last quarter. Beto Financial Group LLC purchased a new stake in AB Short Duration Income ETF during the 4th quarter worth approximately $2,460,000. LPL Financial LLC increased its stake 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 worth $9,118,000 after buying an additional 41,010 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of AB Short Duration Income ETF by 432.8% during the first quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock valued at $1,706,000 after acquiring an additional 38,906 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new position in shares of AB Short Duration Income ETF in the third quarter valued at approximately $326,000.

About AB Short Duration Income ETF

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.