AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Update

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 15,235 shares, a decline of 53.6% from the August 15th total of 32,839 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 110,352 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of AB Short Duration High Yield ETF

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

AB Short Duration High Yield ETF Price Performance

Shares of SYFI stock traded up $0.03 during trading hours on Wednesday, reaching $35.29. The company had a trading volume of 61,262 shares, compared to its average volume of 123,500. The stock has a fifty day moving average of $35.59 and a 200-day moving average of $35.63. 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.