AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Update

AB Short Duration Income ETF (NYSEARCA:SDFI) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 11,997 shares, a growth of 333.1% from the August 15th total of 2,770 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 17,666 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On AB Short Duration Income ETF

Several large investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its position in AB Short Duration Income ETF by 14.4% in the third quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after buying an additional 394,730 shares during the last quarter. Beto Financial Group LLC purchased a new position in shares of AB Short Duration Income ETF during the 4th quarter valued at $2,460,000. LPL Financial LLC grew its stake in shares of AB Short Duration Income ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock worth $9,118,000 after acquiring an additional 41,010 shares during the period. Jane Street Group LLC grew its stake in shares of AB Short Duration Income ETF by 432.8% during 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 period. Finally, World Investment Advisors bought a new position in shares of AB Short Duration Income ETF during the 4th quarter worth $300,000.

AB Short Duration Income ETF Stock Performance

Shares of NYSEARCA:SDFI opened at $35.03 on Friday. The company has a market capitalization of $182.16 million, a P/E ratio of 10.94 and a beta of 0.05. The company’s 50-day moving average is $35.37 and its 200 day moving average is $35.52. AB Short Duration Income ETF has a fifty-two week low of $35.00 and a fifty-two week high of $36.15.

AB Short Duration Income ETF Company Profile

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.