AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Update

AB Short Duration Income ETF (NYSEARCA:SDFI) saw a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 201 shares, a decline of 74.1% from the January 29th total of 777 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 11,293 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 11,293 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On AB Short Duration Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. increased its holdings in AB Short Duration Income ETF by 14.4% in the 3rd quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after purchasing an additional 394,730 shares in the last quarter. Beto Financial Group LLC bought a new stake in shares of AB Short Duration Income ETF during the fourth quarter worth about $2,460,000. LPL Financial LLC increased its stake in shares of AB Short Duration Income ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock valued at $9,118,000 after buying an additional 41,010 shares during the period. Jane Street Group LLC increased its stake in shares of AB Short Duration Income ETF by 432.8% in the first quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock valued at $1,706,000 after buying an additional 38,906 shares during the period. Finally, Merit Financial Group LLC bought a new position in AB Short Duration Income ETF in the 3rd quarter valued at approximately $326,000.

AB Short Duration Income ETF Price Performance

SDFI stock traded up $0.03 during trading on Friday, reaching $35.99. 12,603 shares of the company were exchanged, compared to its average volume of 25,598. The company has a market capitalization of $154.76 million, a price-to-earnings ratio of 10.94 and a beta of 0.05. The company has a 50-day moving average of $35.86 and a two-hundred day moving average of $35.87. AB Short Duration Income ETF has a twelve month low of $35.14 and a twelve month high of $36.15.

AB Short Duration Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1323 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.4%.

AB Short Duration Income ETF Company Profile

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.