Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Increases By 427.3%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a large increase in short interest in April. As of April 15th, there was short interest totaling 24,286 shares, an increase of 427.3% from the March 31st total of 4,606 shares. Based on an average daily volume of 163,173 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are sold short.

AB Short Duration High Yield ETF Trading Up 0.2%

Shares of NYSEARCA:SYFI opened at $35.91 on Friday. The business’s 50 day simple moving average is $35.65 and its two-hundred day simple moving average is $35.84. AB Short Duration High Yield ETF has a 52-week low of $35.07 and a 52-week high of $36.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Centerpoint Advisory Group boosted its holdings in shares of AB Short Duration High Yield ETF by 11.8% in the fourth quarter. Centerpoint Advisory Group now owns 6,370 shares of the company’s stock worth $229,000 after acquiring an additional 670 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of AB Short Duration High Yield ETF by 628.7% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after acquiring an additional 767 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of AB Short Duration High Yield ETF by 2.1% in the fourth quarter. EverSource Wealth Advisors LLC now owns 45,854 shares of the company’s stock worth $1,648,000 after acquiring an additional 934 shares during the period. First Heartland Consultants Inc. boosted its holdings in shares of AB Short Duration High Yield ETF by 11.9% in the fourth quarter. First Heartland Consultants Inc. now owns 8,913 shares of the company’s stock worth $320,000 after acquiring an additional 951 shares during the period. Finally, IHT Wealth Management LLC boosted its holdings in shares of AB Short Duration High Yield ETF by 12.9% in the second quarter. IHT Wealth Management LLC now owns 9,391 shares of the company’s stock worth $338,000 after acquiring an additional 1,073 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.