AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Up 220.8% in February

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 44,491 shares, an increase of 220.8% from the January 29th total of 13,869 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 160,420 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 160,420 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SYFI. Hazlett Burt & Watson Inc. raised its position in AB Short Duration High Yield ETF by 628.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock valued at $31,000 after buying an additional 767 shares during the last quarter. Colonial Trust Advisors purchased a new position in AB Short Duration High Yield ETF during the 2nd quarter worth $55,000. CWM LLC grew its stake in shares of AB Short Duration High Yield ETF by 73.4% in the 2nd quarter. CWM LLC now owns 5,074 shares of the company’s stock worth $182,000 after acquiring an additional 2,148 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. bought a new stake in AB Short Duration High Yield ETF in the 3rd quarter worth about $201,000. Finally, Centerpoint Advisory Group bought a new position in AB Short Duration High Yield ETF in the 3rd quarter valued at $206,000.

AB Short Duration High Yield ETF Price Performance

Shares of AB Short Duration High Yield ETF stock traded down $0.05 during midday trading on Thursday, reaching $35.96. The company had a trading volume of 51,068 shares, compared to its average volume of 134,444. The stock has a fifty day moving average price of $36.00 and a 200 day moving average price of $35.97. AB Short Duration High Yield ETF has a fifty-two week low of $33.50 and a fifty-two week high of $36.28.

AB Short Duration High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a dividend of $0.1801 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Monday, February 2nd.

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.