AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 26,605 shares, an increase of 2,660,400.0% from the March 31st total of 1 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 17,251 shares, the short-interest ratio is presently 1.5 days.
Hedge Funds Weigh In On AB Short Duration Income ETF
Several hedge funds and other institutional investors have recently bought and sold shares of SDFI. Global Retirement Partners LLC acquired a new position in AB Short Duration Income ETF in the fourth quarter valued at $28,000. Raymond James Financial Inc. acquired a new position in AB Short Duration Income ETF in the second quarter valued at $45,000. Wagner Wealth Management LLC acquired a new position in AB Short Duration Income ETF in the fourth quarter valued at $117,000. Kestra Advisory Services LLC acquired a new position in AB Short Duration Income ETF in the fourth quarter valued at $138,000. Finally, World Investment Advisors acquired a new position in AB Short Duration Income ETF in the fourth quarter valued at $300,000.
AB Short Duration Income ETF Price Performance
Shares of SDFI traded up $0.04 during trading hours on Friday, hitting $35.75. 15,027 shares of the stock were exchanged, compared to its average volume of 21,364. The firm has a market capitalization of $164.45 million, a P/E ratio of 10.94 and a beta of 0.07. AB Short Duration Income ETF has a fifty-two week low of $35.00 and a fifty-two week high of $36.15. The business has a 50-day moving average of $35.70 and a 200-day moving average of $35.80.
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.
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