AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,673 shares, a growth of ∞ from the May 31st total of 0 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 39,237 shares, the days-to-cover ratio is currently 0.0 days.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its holdings in AB Short Duration Income ETF by 14.4% during the 3rd quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after acquiring an additional 394,730 shares during the last quarter. Beto Financial Group LLC purchased a new stake in shares of AB Short Duration Income ETF during the 4th quarter worth approximately $2,460,000. LPL Financial LLC increased its position in AB Short Duration Income ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock worth $9,118,000 after buying an additional 41,010 shares during the last quarter. Jane Street Group LLC increased its holdings in AB Short Duration Income ETF by 432.8% in the 1st 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 last quarter. Finally, World Investment Advisors bought a new stake in shares of AB Short Duration Income ETF in the fourth quarter valued at approximately $300,000.
AB Short Duration Income ETF Stock Performance
AB Short Duration Income ETF stock traded down $0.04 during mid-day trading on Tuesday, reaching $35.54. The stock had a trading volume of 8,667 shares, compared to its average volume of 22,232. AB Short Duration Income ETF has a fifty-two week low of $35.00 and a fifty-two week high of $36.15. The stock’s 50-day simple moving average is $35.55 and its 200-day simple moving average is $35.69. The firm has a market capitalization of $163.48 million, a PE ratio of 10.94 and a beta of 0.05.
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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