Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Decreases By 18.1%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 7,500 shares, a decline of 18.1% from the February 26th total of 9,163 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 199,815 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SYFI. Goldman Sachs Group Inc. boosted its holdings in AB Short Duration High Yield ETF by 1,654.8% during the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock worth $36,003,000 after purchasing an additional 955,288 shares during the last quarter. Bank of America Corp DE lifted its position in shares of AB Short Duration High Yield ETF by 94.8% during the 2nd quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after buying an additional 747,816 shares in the last quarter. Royal Bank of Canada lifted its position in shares of AB Short Duration High Yield ETF by 39.0% during the 4th quarter. Royal Bank of Canada now owns 1,461,513 shares of the company’s stock worth $52,513,000 after buying an additional 410,370 shares in the last quarter. Wagner Wealth Management LLC boosted its stake in shares of AB Short Duration High Yield ETF by 80.1% in the 3rd quarter. Wagner Wealth Management LLC now owns 849,417 shares of the company’s stock worth $30,689,000 after buying an additional 377,831 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of AB Short Duration High Yield ETF in the 4th quarter worth approximately $7,308,000.

AB Short Duration High Yield ETF Trading Up 0.8%

AB Short Duration High Yield ETF stock traded up $0.28 during trading on Tuesday, hitting $35.47. 122,088 shares of the company were exchanged, compared to its average volume of 140,866. The business’s 50 day moving average is $35.77 and its 200 day moving average is $35.89. AB Short Duration High Yield ETF has a 52 week low of $33.50 and a 52 week high of $36.28.

AB Short Duration High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1731 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 5.9%.

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.