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

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 69,400 shares, an increase of 356.6% from the August 31st total of 15,200 shares. Based on an average daily trading volume, of 104,400 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 104,400 shares, the short-interest ratio is presently 0.7 days.

AB Short Duration High Yield ETF Trading Up 0.0%

Shares of NYSEARCA SYFI opened at $36.04 on Friday. AB Short Duration High Yield ETF has a twelve month low of $33.50 and a twelve month high of $36.29. The stock has a 50 day moving average of $36.03 and a two-hundred day moving average of $35.66.

Institutional Trading of AB Short Duration High Yield ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its position in AB Short Duration High Yield ETF by 259.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 302,908 shares of the company’s stock worth $10,856,000 after purchasing an additional 218,596 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of 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 worth $6,617,000 after buying an additional 124,058 shares during the period. Capital Investment Advisory Services LLC grew its holdings in shares of 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 worth $2,478,000 after buying an additional 5,144 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of 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 worth $33,346,000 after buying an additional 10,423 shares during the last quarter. Finally, Wagner Wealth Management LLC acquired a new position in AB Short Duration High Yield ETF in the 1st quarter valued at about $17,361,000.

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.