AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the target of a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 1,437 shares, a drop of 92.3% from the October 15th total of 18,776 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 8,674 shares, the short-interest ratio is currently 0.2 days.
Institutional Inflows and Outflows
A hedge fund recently raised its position in AB Short Duration Income ETF stock. Kestra Advisory Services LLC increased its holdings in shares of AB Short Duration Income ETF (NYSEARCA:SDFI – Free Report) by 48.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,723 shares of the company’s stock after buying an additional 1,856 shares during the period. Kestra Advisory Services LLC owned about 0.12% of AB Short Duration Income ETF worth $204,000 at the end of the most recent quarter.
AB Short Duration Income ETF Trading Down 0.3%
AB Short Duration Income ETF stock traded down $0.12 during mid-day trading on Tuesday, hitting $34.91. The company had a trading volume of 58,538 shares, compared to its average volume of 22,196. The company’s fifty day moving average is $34.96 and its 200-day moving average is $35.43. The company has a market capitalization of $192.00 million, a price-to-earnings ratio of 10.94 and a beta of 0.05. AB Short Duration Income ETF has a 12-month low of $34.61 and a 12-month high of $36.15.
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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