Short Interest in AB Short Duration Income ETF (NYSEARCA:SDFI) Increases By 317.8%

AB Short Duration Income ETF (NYSEARCA:SDFI) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 6,046 shares, an increase of 317.8% from the December 31st total of 1,447 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 12,860 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 12,860 shares, the short-interest ratio is currently 0.5 days. Currently, 0.1% of the company’s shares are short sold.

AB Short Duration Income ETF Trading Up 0.0%

Shares of SDFI stock traded up $0.01 during trading hours on Friday, hitting $35.90. 11,170 shares of the company were exchanged, compared to its average volume of 17,080. The business has a 50 day moving average of $35.86 and a two-hundred day moving average of $35.85. The company has a market capitalization of $154.37 million, a PE ratio of 10.94 and a beta of 0.05. AB Short Duration Income ETF has a 52 week low of $35.14 and a 52 week high of $36.08.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its stake 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 valued at $112,876,000 after buying an additional 394,730 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of AB Short Duration Income ETF by 61.4% in the 2nd quarter. Jane Street Group LLC now owns 77,284 shares of the company’s stock valued at $2,780,000 after acquiring an additional 29,389 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of AB Short Duration Income ETF by 19.4% in the third quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock valued at $441,000 after acquiring an additional 1,997 shares during the last quarter. Merit Financial Group LLC bought a new stake in AB Short Duration Income ETF during the third quarter worth about $326,000. Finally, Raymond James Financial Inc. acquired a new position in AB Short Duration Income ETF during the second quarter valued at approximately $45,000.

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.