Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Decreases By 79.4%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a large decline in short interest in February. As of February 27th, there was short interest totaling 9,163 shares, a decline of 79.4% from the February 12th total of 44,491 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 176,430 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 176,430 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

Several institutional investors have recently added to or reduced their stakes in SYFI. KPP Advisory Services LLC purchased a new stake in shares of AB Short Duration High Yield ETF during the 3rd quarter worth approximately $3,336,000. CWM LLC grew its holdings in shares of AB Short Duration High Yield ETF by 1,342.1% in the third quarter. CWM LLC now owns 73,170 shares of the company’s stock valued at $2,644,000 after purchasing an additional 68,096 shares in the last quarter. RMR Capital Management LLC grew its holdings in shares of AB Short Duration High Yield ETF by 26.4% in the third quarter. RMR Capital Management LLC now owns 129,323 shares of the company’s stock valued at $4,672,000 after purchasing an additional 26,992 shares in the last quarter. Wagner Wealth Management LLC increased its position in AB Short Duration High Yield ETF by 80.1% in the third quarter. Wagner Wealth Management LLC now owns 849,417 shares of the company’s stock worth $30,689,000 after purchasing an additional 377,831 shares during the last quarter. Finally, MGO One Seven LLC increased its position in AB Short Duration High Yield ETF by 13.3% in the third quarter. MGO One Seven LLC now owns 134,129 shares of the company’s stock worth $4,846,000 after purchasing an additional 15,743 shares during the last quarter.

AB Short Duration High Yield ETF Stock Up 0.1%

Shares of SYFI traded up $0.05 during midday trading on Tuesday, hitting $35.68. 631,450 shares of the company traded hands, compared to its average volume of 151,223. The firm has a 50 day moving average of $35.95 and a 200-day moving average of $35.96. AB Short Duration High Yield ETF has a 52 week low of $33.50 and a 52 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, March 5th. Investors of record on Monday, March 2nd were given a $0.1731 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date was Monday, March 2nd.

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.