AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Down 91.9% in December

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 2,510 shares, a decrease of 91.9% from the December 15th total of 30,982 shares. Based on an average trading volume of 82,779 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 82,779 shares, the short-interest ratio is presently 0.0 days.

AB Short Duration High Yield ETF Price Performance

NYSEARCA SYFI traded up $0.04 on Monday, hitting $36.01. 72,332 shares of the stock traded hands, compared to its average volume of 79,276. The business’s fifty day moving average is $35.91 and its two-hundred day moving average is $35.95. AB Short Duration High Yield ETF has a 12 month low of $33.50 and a 12 month high of $36.29.

Institutional Investors Weigh In On AB Short Duration High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SYFI. Goldman Sachs Group Inc. raised its holdings in shares of AB Short Duration High Yield ETF by 1,654.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock valued at $36,003,000 after acquiring an additional 955,288 shares in the last quarter. Bank of America Corp DE increased its position in shares of AB Short Duration High Yield ETF by 94.8% in the second quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after purchasing an additional 747,816 shares during the last quarter. Wagner Wealth Management LLC raised its stake in AB Short Duration High Yield ETF by 80.1% in the third quarter. Wagner Wealth Management LLC now owns 849,417 shares of the company’s stock valued at $30,689,000 after purchasing an additional 377,831 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in AB Short Duration High Yield ETF during the second quarter valued at approximately $10,656,000. Finally, Wealth Enhancement Advisory Services LLC lifted its position in AB Short Duration High Yield ETF by 259.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 302,908 shares of the company’s stock valued at $10,856,000 after purchasing an additional 218,596 shares during the last quarter.

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.