AB Short Duration High Yield ETF (NYSEARCA:SYFI) Stock Short Interest Rises 272.2%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 33,743 shares, an increase of 272.2% from the September 15th total of 9,067 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 190,393 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. First Heartland Consultants Inc. bought a new stake in shares of AB Short Duration High Yield ETF during the third quarter worth $370,000. NewEdge Advisors LLC raised its position in shares of AB Short Duration High Yield ETF by 2.3% in the 2nd quarter. NewEdge Advisors LLC now owns 957,335 shares of the company’s stock worth $34,191,000 after acquiring an additional 21,326 shares in the last quarter. Citadel Advisors LLC grew its position in shares of AB Short Duration High Yield ETF by 43.0% during the 2nd quarter. Citadel Advisors LLC now owns 93,166 shares of the company’s stock worth $3,327,000 after buying an additional 28,012 shares during the period. Next Level Private LLC raised its holdings in shares of AB Short Duration High Yield ETF by 6.6% during the second quarter. Next Level Private LLC now owns 254,563 shares of the company’s stock valued at $9,092,000 after purchasing an additional 15,727 shares during the period. Finally, Western Wealth Management LLC acquired a new stake in AB Short Duration High Yield ETF in the first quarter valued at approximately $25,000.

AB Short Duration High Yield ETF Stock Performance

NYSEARCA SYFI traded up $0.01 on Monday, reaching $34.95. The stock had a trading volume of 99,033 shares, compared to its average volume of 128,561. AB Short Duration High Yield ETF has a 1-year low of $34.60 and a 1-year high of $36.15. The firm has a fifty day moving average of $35.39 and a two-hundred day moving average of $35.56.

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.