AB Short Duration High Yield ETF (NYSEARCA:SYFI) Shares Shorted: Short Interest Down 60.3% in October

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 13,395 shares, a drop of 60.3% from the September 30th total of 33,743 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 169,059 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

Large investors have recently made changes to their positions in the business. Western Wealth Management LLC bought a new position in AB Short Duration High Yield ETF in the first quarter worth approximately $25,000. Root Financial Partners LLC acquired a new stake in shares of AB Short Duration High Yield ETF during the 3rd quarter worth about $28,000. First Heartland Consultants Inc. grew its holdings in shares of AB Short Duration High Yield ETF by 12.8% during the second quarter. First Heartland Consultants Inc. now owns 10,061 shares of the company’s stock worth $359,000 after buying an additional 1,142 shares in the last quarter. D.A. Davidson & CO. bought a new position in AB Short Duration High Yield ETF in the 3rd quarter valued at approximately $484,000. Finally, Encompass More Asset Management boosted its holdings in shares of AB Short Duration High Yield ETF by 67.6% in the third quarter. Encompass More Asset Management now owns 25,370 shares of the company’s stock worth $886,000 after acquiring an additional 10,237 shares during the period.

AB Short Duration High Yield ETF Trading Up 0.1%

AB Short Duration High Yield ETF stock opened at $35.16 on Thursday. The business’s 50-day simple moving average is $35.21 and its 200-day simple moving average is $35.59. AB Short Duration High Yield ETF has a 52 week low of $34.60 and a 52 week high of $36.14.

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.