AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Down 66.9% in May

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 12,368 shares, a drop of 66.9% from the May 14th total of 37,341 shares. Based on an average trading volume of 144,749 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new position in shares of AB Short Duration High Yield ETF during the first quarter worth about $25,000. Hazlett Burt & Watson Inc. lifted its stake in shares of AB Short Duration High Yield ETF by 628.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after purchasing an additional 767 shares in the last quarter. Colonial Trust Advisors lifted its stake in shares of AB Short Duration High Yield ETF by 103.3% during the fourth quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock worth $111,000 after purchasing an additional 1,575 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. acquired a new position in shares of AB Short Duration High Yield ETF during the third quarter worth about $201,000. Finally, World Investment Advisors acquired a new position in shares of AB Short Duration High Yield ETF during the fourth quarter worth about $203,000.

AB Short Duration High Yield ETF Price Performance

AB Short Duration High Yield ETF stock traded up $0.04 during midday trading on Friday, reaching $35.70. The stock had a trading volume of 56,416 shares, compared to its average volume of 134,997. AB Short Duration High Yield ETF has a twelve month low of $35.11 and a twelve month high of $36.28. The stock’s 50-day simple moving average is $35.71 and its 200 day simple moving average is $35.80.

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.