Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Declines By 18.1%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 7,500 shares, a drop of 18.1% from the February 26th total of 9,163 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 199,815 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. World Investment Advisors acquired a new position in shares of AB Short Duration High Yield ETF in the 4th quarter valued at about $203,000. NewEdge Advisors LLC boosted its holdings in shares of AB Short Duration High Yield ETF by 6.0% during the fourth quarter. NewEdge Advisors LLC now owns 742,319 shares of the company’s stock worth $26,672,000 after purchasing an additional 41,698 shares during the period. Cetera Investment Advisers boosted its holdings in shares of AB Short Duration High Yield ETF by 2.6% during the fourth quarter. Cetera Investment Advisers now owns 76,192 shares of the company’s stock worth $2,738,000 after purchasing an additional 1,945 shares during the period. Captrust Financial Advisors purchased a new position in AB Short Duration High Yield ETF during the fourth quarter valued at approximately $216,000. Finally, Royal Bank of Canada grew its position in AB Short Duration High Yield ETF by 39.0% during the fourth quarter. Royal Bank of Canada now owns 1,461,513 shares of the company’s stock valued at $52,513,000 after purchasing an additional 410,370 shares in the last quarter.

AB Short Duration High Yield ETF Stock Performance

Shares of SYFI stock traded up $0.08 on Monday, reaching $35.22. 55,779 shares of the company’s stock traded hands, compared to its average volume of 140,705. AB Short Duration High Yield ETF has a 12-month low of $33.50 and a 12-month high of $36.28. The business’s 50 day moving average price is $35.79 and its two-hundred day moving average price is $35.90.

AB Short Duration High Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1731 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.9%.

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.