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

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,931 shares, an increase of 96.5% from the December 31st total of 2,510 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 83,331 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 83,331 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

AB Short Duration High Yield ETF Trading Down 0.0%

SYFI stock traded down $0.01 during trading on Friday, hitting $36.09. The stock had a trading volume of 138,689 shares, compared to its average volume of 103,894. The company’s 50-day moving average price is $35.99 and its two-hundred day moving average price is $35.97. AB Short Duration High Yield ETF has a twelve month low of $33.50 and a twelve month high of $36.28.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SYFI. First Heartland Consultants Inc. raised its holdings in AB Short Duration High Yield ETF by 11.9% in the 4th quarter. First Heartland Consultants Inc. now owns 8,913 shares of the company’s stock valued at $320,000 after acquiring an additional 951 shares during the last quarter. IHT Wealth Management LLC lifted its position in AB Short Duration High Yield ETF by 12.9% during the second quarter. IHT Wealth Management LLC now owns 9,391 shares of the company’s stock worth $338,000 after buying an additional 1,073 shares during the period. Truist Financial Corp boosted its stake in AB Short Duration High Yield ETF by 1.0% in the 3rd quarter. Truist Financial Corp now owns 135,950 shares of the company’s stock worth $4,912,000 after buying an additional 1,395 shares during the last quarter. Private Trust Co. NA boosted its stake in AB Short Duration High Yield ETF by 41.3% in the 2nd quarter. Private Trust Co. NA now owns 4,955 shares of the company’s stock worth $178,000 after buying an additional 1,448 shares during the last quarter. Finally, MML Investors Services LLC grew its holdings in AB Short Duration High Yield ETF by 8.2% in the 2nd quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock valued at $700,000 after buying an additional 1,483 shares during the period.

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.