AB Short Duration Income ETF (NYSEARCA:SDFI) Stock Short Interest Declines 92.3%

AB Short Duration Income ETF (NYSEARCA:SDFI) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,437 shares, a decline of 92.3% from the October 15th total of 18,776 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 8,674 shares, the days-to-cover ratio is presently 0.2 days.

AB Short Duration Income ETF Price Performance

NYSEARCA:SDFI traded down $0.02 during midday trading on Wednesday, reaching $34.89. The stock had a trading volume of 1,365 shares, compared to its average volume of 22,100. AB Short Duration Income ETF has a 1-year low of $34.61 and a 1-year high of $36.15. The firm’s fifty day simple moving average is $34.95 and its 200-day simple moving average is $35.42. The stock has a market capitalization of $191.91 million, a P/E ratio of 10.94 and a beta of 0.05.

Institutional Inflows and Outflows

An institutional investor recently raised its position in AB Short Duration Income ETF stock. Kestra Advisory Services LLC raised its holdings in AB Short Duration Income ETF (NYSEARCA:SDFI) by 48.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,723 shares of the company’s stock after purchasing an additional 1,856 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.12% of AB Short Duration Income ETF worth $204,000 as of its most recent SEC filing.

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.