AB Short Duration High Yield ETF (NYSEARCA:SYFI – Get Free Report) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 33,743 shares, an increase of 272.2% from the September 15th total of 9,067 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 190,393 shares, the short-interest ratio is currently 0.2 days.
AB Short Duration High Yield ETF Stock Performance
SYFI stock opened at $34.95 on Tuesday. The firm’s 50-day moving average price is $35.38 and its two-hundred day moving average price is $35.56. AB Short Duration High Yield ETF has a 12-month low of $34.60 and a 12-month high of $36.15.
Institutional Trading of AB Short Duration High Yield ETF
A number of institutional investors have recently modified their holdings of the company. Western Wealth Management LLC purchased a new stake in AB Short Duration High Yield ETF in the first quarter worth $25,000. World Investment Advisors bought a new stake in AB Short Duration High Yield ETF in the fourth quarter valued at $203,000. First Heartland Consultants Inc. increased its position in AB Short Duration High Yield ETF by 12.8% during the 2nd quarter. First Heartland Consultants Inc. now owns 10,061 shares of the company’s stock valued at $359,000 after purchasing an additional 1,142 shares during the period. Fifth Third Bancorp purchased a new position in AB Short Duration High Yield ETF during the 1st quarter valued at $1,596,000. Finally, Cetera Investment Advisers increased its position in AB Short Duration High Yield ETF by 0.6% during the 1st quarter. Cetera Investment Advisers now owns 76,663 shares of the company’s stock valued at $2,723,000 after purchasing an additional 471 shares during the period.
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.
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