Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Declines By 22.6%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 30,982 shares, a decrease of 22.6% from the November 30th total of 40,013 shares. Based on an average daily trading volume, of 78,437 shares, the short-interest ratio is presently 0.4 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 78,437 shares, the short-interest ratio is presently 0.4 days.

AB Short Duration High Yield ETF Stock Performance

Shares of AB Short Duration High Yield ETF stock traded down $0.16 on Thursday, hitting $35.93. 78,768 shares of the company’s stock traded hands, compared to its average volume of 134,278. The firm’s 50-day moving average price is $35.91 and its two-hundred day moving average price is $35.93. AB Short Duration High Yield ETF has a one year low of $33.50 and a one year high of $36.29.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

Hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its holdings in AB Short Duration High Yield ETF by 8.4% during the first quarter. Alliancebernstein L.P. now owns 4,915,959 shares of the company’s stock worth $174,713,000 after buying an additional 379,233 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of AB Short Duration High Yield ETF by 8.5% in the 1st quarter. NewEdge Advisors LLC now owns 734,246 shares of the company’s stock valued at $26,095,000 after acquiring an additional 57,777 shares during the period. Goldman Sachs Group Inc. boosted 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 worth $36,003,000 after acquiring an additional 955,288 shares during the last quarter. Jane Street Group LLC grew its holdings in AB Short Duration High Yield ETF by 384.7% during the first quarter. Jane Street Group LLC now owns 86,964 shares of the company’s stock valued at $3,091,000 after purchasing an additional 69,024 shares during the period. Finally, Next Level Private LLC bought a new stake in AB Short Duration High Yield ETF in the second quarter valued at approximately $445,000.

About AB Short Duration High Yield ETF

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.