Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Decreases By 62.1%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 11,600 shares, adropof62.1% from the July 15th total of 30,600 shares. Based on an average daily trading volume, of 122,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately0.1% of the company’s stock are short sold. Approximately0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 122,600 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MML Investors Services LLC boosted its position in AB Short Duration High Yield ETF by 8.2% during the second quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock worth $700,000 after purchasing an additional 1,483 shares during the period. IHT Wealth Management LLC lifted its holdings in shares of AB Short Duration High Yield ETF by 12.9% during the second quarter. IHT Wealth Management LLC now owns 9,391 shares of the company’s stock worth $338,000 after buying an additional 1,073 shares in the last quarter. Great Valley Advisor Group Inc. lifted its holdings in shares of AB Short Duration High Yield ETF by 2.8% during the second quarter. Great Valley Advisor Group Inc. now owns 246,598 shares of the company’s stock worth $8,866,000 after buying an additional 6,824 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of AB Short Duration High Yield ETF by 94.8% during the second quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after buying an additional 747,816 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of AB Short Duration High Yield ETF by 50.3% during the second quarter. Jane Street Group LLC now owns 130,679 shares of the company’s stock worth $4,698,000 after buying an additional 43,715 shares in the last quarter.

AB Short Duration High Yield ETF Price Performance

NYSEARCA:SYFI opened at $35.98 on Monday. The firm has a fifty day simple moving average of $35.83 and a 200 day simple moving average of $35.62. AB Short Duration High Yield ETF has a 1-year low of $33.50 and a 1-year high of $36.29.

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.