Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Grows By 32.8%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a large growth in short interest in August. As of August 15th, there was short interest totaling 15,400 shares, a growth of 32.8% from the July 31st total of 11,600 shares. Based on an average trading volume of 127,400 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 127,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its position in AB Short Duration High Yield ETF by 10.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 84,312 shares of the company’s stock valued at $2,996,000 after purchasing an additional 8,158 shares during the period. Wells Fargo & Company MN acquired a new position in AB Short Duration High Yield ETF during the fourth quarter valued at $63,000. Private Advisor Group LLC lifted its position in AB Short Duration High Yield ETF by 199.7% during the first quarter. Private Advisor Group LLC now owns 186,180 shares of the company’s stock valued at $6,617,000 after purchasing an additional 124,058 shares during the period. Capital Investment Advisory Services LLC lifted its position in AB Short Duration High Yield ETF by 8.0% during the first quarter. Capital Investment Advisory Services LLC now owns 69,713 shares of the company’s stock valued at $2,478,000 after purchasing an additional 5,144 shares during the period. Finally, Raymond James Financial Inc. lifted its position in AB Short Duration High Yield ETF by 1.1% during the first quarter. Raymond James Financial Inc. now owns 938,257 shares of the company’s stock valued at $33,346,000 after purchasing an additional 10,423 shares during the period.

AB Short Duration High Yield ETF Stock Up 0.0%

Shares of SYFI opened at $36.03 on Thursday. The company has a 50 day moving average price of $35.94 and a 200-day moving average price of $35.62. AB Short Duration High Yield ETF has a fifty-two week low of $33.50 and a fifty-two week high of $36.29.

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.