AB Short Duration High Yield ETF (NYSEARCA:SYFI – Get Free Report) was the recipient of a significant drop in short interest in May. As of May 29th, there was short interest totaling 12,368 shares, a drop of 66.9% from the May 14th total of 37,341 shares. Based on an average daily volume of 144,749 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.
Hedge Funds Weigh In On AB Short Duration High Yield ETF
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in AB Short Duration High Yield ETF during the first quarter valued at approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake in AB Short Duration High Yield ETF by 628.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock valued at $31,000 after buying an additional 767 shares during the last quarter. Colonial Trust Advisors boosted its stake in AB Short Duration High Yield ETF by 103.3% during the fourth quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock valued at $111,000 after buying an additional 1,575 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. bought a new position in AB Short Duration High Yield ETF during the third quarter valued at approximately $201,000. Finally, World Investment Advisors bought a new position in AB Short Duration High Yield ETF during the fourth quarter valued at approximately $203,000.
AB Short Duration High Yield ETF Price Performance
Shares of AB Short Duration High Yield ETF stock opened at $35.52 on Thursday. The stock has a 50 day moving average of $35.70 and a 200 day moving average of $35.81. AB Short Duration High Yield ETF has a 12 month low of $35.11 and a 12 month high of $36.28.
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.
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