AB Short Duration Income ETF (NYSEARCA:SDFI) Sees Significant Growth in Short Interest

AB Short Duration Income ETF (NYSEARCA:SDFI) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 107,786 shares. Based on an average trading volume of 8,583 shares, the short-interest ratio is currently 12.6 days. Approximately 2.0% of the company’s stock are sold short.

AB Short Duration Income ETF Price Performance

AB Short Duration Income ETF stock traded up $0.02 during mid-day trading on Friday, reaching $34.90. The stock had a trading volume of 1,575 shares, compared to its average volume of 23,177. AB Short Duration Income ETF has a one year low of $34.61 and a one year high of $36.15. The company has a 50-day moving average price of $35.11 and a two-hundred day moving average price of $35.38. The company has a market capitalization of $188.45 million, a price-to-earnings ratio of 10.94 and a beta of 0.06.

Institutional Investors Weigh In On AB Short Duration Income ETF

A number of large investors have recently added to or reduced their stakes in SDFI. Gateway Wealth Partners LLC bought a new position in AB Short Duration Income ETF in the first quarter worth approximately $229,000. Kestra Advisory Services LLC raised its position in shares of AB Short Duration Income ETF by 48.0% during the 1st quarter. Kestra Advisory Services LLC now owns 5,723 shares of the company’s stock valued at $204,000 after purchasing an additional 1,856 shares during the period. Finally, World Investment Advisors boosted its stake in shares of AB Short Duration Income ETF by 24.0% in the first quarter. World Investment Advisors now owns 10,385 shares of the company’s stock worth $370,000 after acquiring an additional 2,008 shares during the period.

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.