AB Short Duration High Yield ETF (NYSEARCA:SYFI) Stock Short Interest Falls 40.5%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 9,067 shares, a drop of 40.5% from the August 31st total of 15,235 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 81,369 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On AB Short Duration High Yield ETF

Institutional investors have recently modified their holdings of the company. Next Level Private LLC lifted its holdings in AB Short Duration High Yield ETF by 6.6% during the 2nd quarter. Next Level Private LLC now owns 254,563 shares of the company’s stock worth $9,092,000 after buying an additional 15,727 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of AB Short Duration High Yield ETF by 2.4% in the 1st quarter. Royal Bank of Canada now owns 1,496,093 shares of the company’s stock valued at $53,142,000 after acquiring an additional 34,580 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of AB Short Duration High Yield ETF by 7,236.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 35,582 shares of the company’s stock worth $1,278,000 after acquiring an additional 35,097 shares in the last quarter. Wagner Wealth Management LLC raised its position in shares of AB Short Duration High Yield ETF by 9.9% during the 1st quarter. Wagner Wealth Management LLC now owns 1,238,146 shares of the company’s stock worth $43,979,000 after acquiring an additional 111,191 shares in the last quarter. Finally, Great Valley Advisor Group Inc. lifted its stake in AB Short Duration High Yield ETF by 16.1% during the fourth quarter. Great Valley Advisor Group Inc. now owns 302,052 shares of the company’s stock worth $10,853,000 after purchasing an additional 41,900 shares during the last quarter.

AB Short Duration High Yield ETF Stock Performance

SYFI stock opened at $35.01 on Wednesday. The company’s 50 day moving average price is $35.51 and its 200 day moving average price is $35.59. AB Short Duration High Yield ETF has a fifty-two week low of $34.87 and a fifty-two week high of $36.21.

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.