Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Declines By 62.4%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 22,999 shares, a drop of 62.4% from the July 15th total of 61,134 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 107,621 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Arkadios Wealth Advisors lifted its stake in shares of AB Short Duration High Yield ETF by 1,700.2% during the 1st quarter. Arkadios Wealth Advisors now owns 1,299,942 shares of the company’s stock worth $46,174,000 after purchasing an additional 1,227,733 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in AB Short Duration High Yield ETF by 1,654.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock worth $36,003,000 after purchasing an additional 955,288 shares in the last quarter. Bank of America Corp DE raised its holdings in AB Short Duration High Yield ETF by 94.8% in the second quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after purchasing an additional 747,816 shares in the last quarter. Royal Bank of Canada lifted its position in shares of AB Short Duration High Yield ETF by 39.0% during the fourth quarter. Royal Bank of Canada now owns 1,461,513 shares of the company’s stock valued at $52,513,000 after buying an additional 410,370 shares during the last quarter. Finally, Wagner Wealth Management LLC lifted its position in shares of AB Short Duration High Yield ETF by 32.7% during the fourth quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock valued at $40,491,000 after buying an additional 277,538 shares during the last quarter.

AB Short Duration High Yield ETF Price Performance

NYSEARCA:SYFI remained flat at $35.67 during trading hours on Friday. 85,887 shares of the company were exchanged, compared to its average volume of 127,561. AB Short Duration High Yield ETF has a 52 week low of $35.11 and a 52 week high of $36.28. The firm has a 50 day simple moving average of $35.63 and a 200 day simple moving average of $35.70.

AB Short Duration High Yield ETF Company Profile

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.