AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 18,776 shares, a decrease of 82.6% from the September 30th total of 107,786 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 15,076 shares, the days-to-cover ratio is currently 1.2 days.
AB Short Duration Income ETF Price Performance
SDFI stock traded up $0.05 during trading on Tuesday, hitting $34.95. The stock had a trading volume of 1,674 shares, compared to its average volume of 22,637. AB Short Duration Income ETF has a twelve month low of $34.61 and a twelve month high of $36.15. The stock has a market capitalization of $192.21 million, a P/E ratio of 10.94 and a beta of 0.06. The company’s 50-day moving average price is $35.05 and its two-hundred day moving average price is $35.47.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in SDFI. World Investment Advisors grew its stake in AB Short Duration Income ETF by 24.0% during the 1st quarter. World Investment Advisors now owns 10,385 shares of the company’s stock valued at $370,000 after acquiring an additional 2,008 shares in the last quarter. Gateway Wealth Partners LLC acquired a new position in shares of AB Short Duration Income ETF during the 1st quarter worth approximately $229,000. Finally, Kestra Advisory Services LLC boosted its holdings in shares of AB Short Duration Income ETF by 48.0% during the 1st quarter. Kestra Advisory Services LLC now owns 5,723 shares of the company’s stock worth $204,000 after purchasing an additional 1,856 shares during the last quarter.
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.
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