AB Short Duration High Yield ETF (NYSEARCA:SYFI) Sees Significant Growth in Short Interest

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 44,491 shares, a growth of 220.8% from the January 29th total of 13,869 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 160,420 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 160,420 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

A number of hedge funds have recently bought and sold shares of SYFI. Goldman Sachs Group Inc. lifted its holdings in AB Short Duration High Yield ETF by 1,654.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after buying an additional 955,288 shares during the period. Jane Street Group LLC lifted its stake in shares of AB Short Duration High Yield ETF by 384.7% in the 1st quarter. Jane Street Group LLC now owns 86,964 shares of the company’s stock valued at $3,091,000 after purchasing an additional 69,024 shares during the period. CWM LLC lifted its stake in shares of AB Short Duration High Yield ETF by 73.4% in the 2nd quarter. CWM LLC now owns 5,074 shares of the company’s stock valued at $182,000 after purchasing an additional 2,148 shares during the period. Magnolia Capital Advisors LLC bought a new stake in shares of AB Short Duration High Yield ETF during the 2nd quarter valued at about $260,000. Finally, TME Financial Inc. acquired a new stake in AB Short Duration High Yield ETF during the second quarter worth approximately $1,245,000.

AB Short Duration High Yield ETF Stock Performance

Shares of AB Short Duration High Yield ETF stock traded down $0.07 during trading on Friday, reaching $35.89. The company’s stock had a trading volume of 47,402 shares, compared to its average volume of 135,100. The stock has a 50-day moving average price of $36.00 and a two-hundred day moving average price of $35.97. AB Short Duration High Yield ETF has a one year low of $33.50 and a one year high of $36.28.

AB Short Duration High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.1801 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.