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

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 9,067 shares, a decrease of 40.5% from the August 31st total of 15,235 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 81,369 shares, the days-to-cover ratio is currently 0.1 days.

AB Short Duration High Yield ETF Price Performance

Shares of SYFI stock traded up $0.07 on Friday, reaching $34.80. 55,986 shares of the company’s stock were exchanged, compared to its average volume of 128,491. AB Short Duration High Yield ETF has a 52 week low of $34.60 and a 52 week high of $36.15. The company’s fifty day simple moving average is $35.48 and its 200 day simple moving average is $35.59.

Institutional Trading of AB Short Duration High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Western Wealth Management LLC bought a new position in shares of AB Short Duration High Yield ETF in the first quarter worth about $25,000. Hazlett Burt & Watson Inc. lifted its holdings in AB Short Duration High Yield ETF by 628.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock valued at $31,000 after buying an additional 767 shares in the last quarter. World Investment Advisors purchased a new stake in AB Short Duration High Yield ETF in the 4th quarter valued at about $203,000. First Heartland Consultants Inc. boosted its position in AB Short Duration High Yield ETF by 12.8% in the 2nd quarter. First Heartland Consultants Inc. now owns 10,061 shares of the company’s stock valued at $359,000 after buying an additional 1,142 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in AB Short Duration High Yield ETF by 7,236.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 35,582 shares of the company’s stock worth $1,278,000 after acquiring an additional 35,097 shares in the last quarter.

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.