AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Update

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totaling 61,134 shares, an increase of 348.2% from the June 30th total of 13,639 shares. Based on an average daily volume of 79,355 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new stake in AB Short Duration High Yield ETF during the 1st quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. grew its stake in AB Short Duration High Yield ETF by 628.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after purchasing an additional 767 shares in the last quarter. Colonial Trust Advisors grew its stake in AB Short Duration High Yield ETF by 103.3% in the fourth quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock worth $111,000 after purchasing an additional 1,575 shares in the last quarter. World Investment Advisors bought a new stake in AB Short Duration High Yield ETF in the fourth quarter valued at about $203,000. Finally, Captrust Financial Advisors bought a new stake in AB Short Duration High Yield ETF in the fourth quarter valued at about $216,000.

AB Short Duration High Yield ETF Price Performance

Shares of SYFI stock traded up $0.01 on Monday, hitting $35.54. The stock had a trading volume of 34,150 shares, compared to its average volume of 130,536. The stock’s 50 day moving average is $35.66 and its 200-day moving average is $35.74. AB Short Duration High Yield ETF has a 52-week low of $35.11 and a 52-week high of $36.28.

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.