Short Interest in AB Short Duration Income ETF (NYSEARCA:SDFI) Increases By 96.7%

AB Short Duration Income ETF (NYSEARCA:SDFI) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 4,364 shares, an increase of 96.7% from the November 30th total of 2,219 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 13,979 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily trading volume, of 13,979 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On AB Short Duration Income ETF

Several large investors have recently modified their holdings of SDFI. Raymond James Financial Inc. purchased a new stake in shares of AB Short Duration Income ETF during the 2nd quarter valued at approximately $45,000. Merit Financial Group LLC bought a new stake in AB Short Duration Income ETF during the 3rd quarter valued at $326,000. Envestnet Asset Management Inc. lifted its position in shares of AB Short Duration Income ETF by 19.4% during the third quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock worth $441,000 after acquiring an additional 1,997 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of AB Short Duration Income ETF by 432.8% in the first quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock worth $1,706,000 after acquiring an additional 38,906 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of AB Short Duration Income ETF by 30.5% in the first quarter. Alliancebernstein L.P. now owns 2,729,973 shares of the company’s stock valued at $97,269,000 after purchasing an additional 638,816 shares in the last quarter.

AB Short Duration Income ETF Trading Up 0.1%

Shares of SDFI stock traded up $0.05 on Monday, hitting $35.97. 87 shares of the stock were exchanged, compared to its average volume of 18,858. The firm has a market capitalization of $140.28 million, a PE ratio of 10.94 and a beta of 0.05. AB Short Duration Income ETF has a one year low of $35.11 and a one year high of $36.08. The firm’s 50 day moving average is $35.88 and its two-hundred day moving average is $35.82.

AB Short Duration Income ETF Company Profile

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.