AB Short Duration High Yield ETF (NYSEARCA:SYFI) Sees Large Decrease in Short Interest

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 13,395 shares, a drop of 60.3% from the September 30th total of 33,743 shares. Based on an average daily volume of 169,059 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

AB Short Duration High Yield ETF Stock Performance

NYSEARCA:SYFI traded down $0.03 during midday trading on Friday, reaching $35.10. The stock had a trading volume of 75,199 shares, compared to its average volume of 129,020. The firm has a fifty day simple moving average of $35.20 and a two-hundred day simple moving average of $35.59. AB Short Duration High Yield ETF has a 12-month low of $34.60 and a 12-month high of $36.14.

Institutional Trading of AB Short Duration High Yield ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Next Level Private LLC lifted its holdings in shares of AB Short Duration High Yield ETF by 6.6% in the 2nd quarter. Next Level Private LLC now owns 254,563 shares of the company’s stock valued at $9,092,000 after buying an additional 15,727 shares during the period. Royal Bank of Canada raised its stake in shares of AB Short Duration High Yield ETF by 2.4% during the 1st quarter. Royal Bank of Canada now owns 1,496,093 shares of the company’s stock worth $53,142,000 after buying an additional 34,580 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of AB Short Duration High Yield ETF by 2.3% during the 2nd quarter. NewEdge Advisors LLC now owns 957,335 shares of the company’s stock worth $34,191,000 after purchasing an additional 21,326 shares during the last quarter. Wagner Wealth Management LLC lifted its position in shares of AB Short Duration High Yield ETF by 9.9% in the first quarter. Wagner Wealth Management LLC now owns 1,238,146 shares of the company’s stock valued at $43,979,000 after acquiring an additional 111,191 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of AB Short Duration High Yield ETF by 43.0% during the second quarter. Citadel Advisors LLC now owns 93,166 shares of the company’s stock valued at $3,327,000 after buying an additional 28,012 shares during the period.

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.