AB Short Duration Income ETF (NYSEARCA:SDFI) Sees Large Growth in Short Interest

AB Short Duration Income ETF (NYSEARCA:SDFI) was the recipient of a large increase in short interest in March. As of March 13th, there was short interest totaling 38,802 shares, an increase of 1,636.9% from the February 26th total of 2,234 shares. Based on an average daily trading volume, of 30,056 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.9% of the shares of the stock are short sold. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 30,056 shares, the days-to-cover ratio is currently 1.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its stake in shares of AB Short Duration Income ETF by 14.4% during the 3rd quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after purchasing an additional 394,730 shares during the last quarter. LPL Financial LLC raised its position in shares of AB Short Duration Income ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock valued at $9,118,000 after buying an additional 41,010 shares during the last quarter. Jane Street Group LLC raised its position in shares of AB Short Duration Income ETF by 61.4% in the second quarter. Jane Street Group LLC now owns 77,284 shares of the company’s stock valued at $2,780,000 after buying an additional 29,389 shares during the last quarter. Beto Financial Group LLC purchased a new position in shares of AB Short Duration Income ETF during the fourth quarter valued at approximately $2,460,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of AB Short Duration Income ETF by 19.4% during the third quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock valued at $441,000 after buying an additional 1,997 shares during the period.

AB Short Duration Income ETF Stock Performance

AB Short Duration Income ETF stock opened at $35.53 on Wednesday. The stock has a fifty day moving average of $35.79 and a two-hundred day moving average of $35.85. The company has a market capitalization of $152.78 million, a price-to-earnings ratio of 10.94 and a beta of 0.05. AB Short Duration Income ETF has a fifty-two week low of $35.00 and a fifty-two week high of $36.15.

AB Short Duration Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a dividend of $0.124 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%.

About AB Short Duration Income ETF

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.