Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Expands By 348.2%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 61,134 shares, a growth of 348.2% from the June 30th total of 13,639 shares. Based on an average trading volume of 79,355 shares, the short-interest ratio is currently 0.8 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SYFI. Goldman Sachs Group Inc. lifted its stake in AB Short Duration High Yield ETF by 1,654.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after buying an additional 955,288 shares during the last quarter. Jane Street Group LLC grew its position in shares of AB Short Duration High Yield ETF by 384.7% during the first quarter. Jane Street Group LLC now owns 86,964 shares of the company’s stock worth $3,091,000 after acquiring an additional 69,024 shares during the last quarter. Bank of America Corp DE grew its position 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 acquiring an additional 747,816 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of AB Short Duration High Yield ETF by 12.9% in the 2nd 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. Finally, MML Investors Services LLC increased its holdings in shares of AB Short Duration High Yield ETF by 8.2% in the 2nd quarter. MML Investors Services LLC now owns 19,478 shares of the company’s stock worth $700,000 after acquiring an additional 1,483 shares during the period.

AB Short Duration High Yield ETF Stock Performance

Shares of SYFI stock opened at $35.53 on Friday. The business has a 50 day moving average of $35.66 and a two-hundred day moving average of $35.74. AB Short Duration High Yield ETF has a 52 week low of $35.11 and a 52 week high of $36.28.

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. SYFI was launched on Dec 7, 2011 and is issued by AB Funds.