AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Up 32.8% in August

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant growth in short interest in August. As of August 15th, there was short interest totaling 15,400 shares, a growth of 32.8% from the July 31st total of 11,600 shares. Based on an average trading volume of 127,400 shares, the short-interest ratio is presently 0.1 days. Based on an average trading volume of 127,400 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of AB Short Duration High Yield ETF

Several large investors have recently modified their holdings of SYFI. Bank of America Corp DE raised its stake in AB Short Duration High Yield ETF by 192.8% during the 4th quarter. Bank of America Corp DE now owns 1,895,332 shares of the company’s stock valued at $67,606,000 after purchasing an additional 1,248,059 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in AB Short Duration High Yield ETF by 1,654.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after purchasing an additional 955,288 shares during the last quarter. Wagner Wealth Management LLC acquired a new position in AB Short Duration High Yield ETF during the 1st quarter valued at $17,361,000. Alliancebernstein L.P. raised its stake in AB Short Duration High Yield ETF by 8.4% during the 1st quarter. Alliancebernstein L.P. now owns 4,915,959 shares of the company’s stock valued at $174,713,000 after purchasing an additional 379,233 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in AB Short Duration High Yield ETF by 32.1% during the 4th quarter. Royal Bank of Canada now owns 1,535,368 shares of the company’s stock valued at $54,766,000 after purchasing an additional 373,243 shares during the last quarter.

AB Short Duration High Yield ETF Stock Down 0.1%

NYSEARCA SYFI opened at $36.02 on Wednesday. The company has a fifty day simple moving average of $35.93 and a 200 day simple moving average of $35.62. AB Short Duration High Yield ETF has a 1 year low of $33.50 and a 1 year high of $36.29.

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.