AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Update

AB Short Duration Income ETF (NYSEARCA:SDFI) was the target of a significant increase in short interest during the month of April. As of April 15th, there was short interest totaling 26,605 shares, an increase of 2,660,400.0% from the March 31st total of 1 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 17,251 shares, the short-interest ratio is currently 1.5 days.

Hedge Funds Weigh In On AB Short Duration Income ETF

A number of institutional investors have recently modified their holdings of SDFI. Jane Street Group LLC raised its position in shares of AB Short Duration Income ETF by 432.8% in the first quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock valued at $1,706,000 after buying an additional 38,906 shares during the last quarter. Alliancebernstein L.P. grew its holdings in AB Short Duration Income ETF by 0.6% in the second quarter. Alliancebernstein L.P. now owns 2,747,133 shares of the company’s stock valued at $98,814,000 after purchasing an additional 17,160 shares during the period. Raymond James Financial Inc. purchased a new stake in AB Short Duration Income ETF in the second quarter valued at approximately $45,000. Merit Financial Group LLC purchased a new stake in AB Short Duration Income ETF in the third quarter valued at approximately $326,000. Finally, Envestnet Asset Management Inc. grew its holdings in AB Short Duration Income ETF by 19.4% in the third quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock valued at $441,000 after purchasing an additional 1,997 shares during the period.

AB Short Duration Income ETF Price Performance

NYSEARCA:SDFI opened at $35.75 on Friday. The firm has a 50 day simple moving average of $35.70 and a 200-day simple moving average of $35.80. The firm has a market cap of $164.45 million, a PE ratio of 10.94 and a beta of 0.07. AB Short Duration Income ETF has a 1-year low of $35.00 and a 1-year high of $36.15.

AB Short Duration Income ETF Company Profile

The AB Short Duration Income ETF (SDFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund of US and foreign income-producing fixed income securities with various credit ratings and maturities. It aims to maintain a dollar-weighted average portfolio duration of less than three years. SDFI was launched on Dec 12, 2018 and is issued by AB Funds.