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

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 15,235 shares, a decline of 53.6% from the August 15th total of 32,839 shares. Based on an average daily trading volume, of 110,352 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of AB Short Duration High Yield ETF

Institutional investors have recently added to or reduced their stakes in the stock. Western Wealth Management LLC purchased a new position in AB Short Duration High Yield ETF during the 1st quarter valued at about $25,000. Hazlett Burt & Watson Inc. lifted its holdings in shares of AB Short Duration High Yield ETF by 628.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after buying an additional 767 shares in the last quarter. Colonial Trust Advisors lifted its holdings in shares of AB Short Duration High Yield ETF by 103.3% in the fourth quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock worth $111,000 after buying an additional 1,575 shares in the last quarter. World Investment Advisors bought a new position in shares of AB Short Duration High Yield ETF in the fourth quarter valued at approximately $203,000. Finally, Captrust Financial Advisors bought a new position in shares of AB Short Duration High Yield ETF in the fourth quarter valued at approximately $216,000.

AB Short Duration High Yield ETF Stock Performance

NYSEARCA:SYFI opened at $35.31 on Monday. The stock’s fifty day moving average price is $35.61 and its two-hundred day moving average price is $35.64. AB Short Duration High Yield ETF has a 1 year low of $35.11 and a 1 year high of $36.28.

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.