AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Down 18.1% in March

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 7,500 shares, a drop of 18.1% from the February 26th total of 9,163 shares. Based on an average trading volume of 199,815 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SYFI. Hazlett Burt & Watson Inc. boosted its position in AB Short Duration High Yield ETF by 628.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after buying an additional 767 shares during the period. Colonial Trust Advisors increased its position in AB Short Duration High Yield ETF by 103.3% in the 4th quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock valued at $111,000 after acquiring an additional 1,575 shares during the period. Strategic Family Wealth Counselors L.L.C. acquired a new position in AB Short Duration High Yield ETF in the 3rd quarter valued at approximately $201,000. World Investment Advisors bought a new position in shares of AB Short Duration High Yield ETF during the fourth quarter valued at $203,000. Finally, Centerpoint Advisory Group bought a new position in shares of AB Short Duration High Yield ETF during the third quarter valued at $206,000.

AB Short Duration High Yield ETF Stock Performance

Shares of SYFI stock opened at $35.52 on Wednesday. AB Short Duration High Yield ETF has a twelve month low of $33.50 and a twelve month high of $36.28. The stock’s fifty day simple moving average is $35.76 and its 200 day simple moving average is $35.89.

AB Short Duration High Yield ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.1731 per share. This represents a c) annualized dividend and a dividend yield of 5.8%. The ex-dividend date was Monday, March 2nd.

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.