AB Short Duration High Yield ETF (NYSEARCA:SYFI) Shares Shorted: Short Interest Up 272.2% in September

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 33,743 shares, an increase of 272.2% from the September 15th total of 9,067 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 190,393 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On AB Short Duration High Yield ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its holdings in shares of AB Short Duration High Yield ETF by 2.4% during the first quarter. Royal Bank of Canada now owns 1,496,093 shares of the company’s stock worth $53,142,000 after purchasing an additional 34,580 shares during the period. Bank of America Corp DE lifted its holdings in AB Short Duration High Yield ETF by 35.2% during the 1st quarter. Bank of America Corp DE now owns 1,479,552 shares of the company’s stock worth $52,554,000 after buying an additional 384,835 shares during the period. Arkadios Wealth Advisors grew its position in shares of AB Short Duration High Yield ETF by 1,700.2% in the 1st quarter. Arkadios Wealth Advisors now owns 1,299,942 shares of the company’s stock valued at $46,174,000 after buying an additional 1,227,733 shares during the last quarter. Wagner Wealth Management LLC grew its position in shares of AB Short Duration High Yield ETF by 9.9% in the 1st quarter. Wagner Wealth Management LLC now owns 1,238,146 shares of the company’s stock valued at $43,979,000 after buying an additional 111,191 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of AB Short Duration High Yield ETF by 2.3% in the second quarter. NewEdge Advisors LLC now owns 957,335 shares of the company’s stock valued at $34,191,000 after buying an additional 21,326 shares during the period.

AB Short Duration High Yield ETF Trading Up 0.1%

Shares of SYFI stock traded up $0.04 during trading on Friday, hitting $34.94. The company had a trading volume of 104,942 shares, compared to its average volume of 128,750. The stock’s 50-day moving average price is $35.39 and its 200 day moving average price is $35.56. AB Short Duration High Yield ETF has a one year low of $34.60 and a one year high of $36.15.

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.