Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Rises By 356.6%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 69,400 shares, an increase of 356.6% from the August 31st total of 15,200 shares. Based on an average trading volume of 104,400 shares, the short-interest ratio is currently 0.7 days. Based on an average trading volume of 104,400 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of AB Short Duration High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings in shares of AB Short Duration High Yield ETF by 1,654.8% in the 1st 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 during the period. Bank of America Corp DE grew its holdings in shares of AB Short Duration High Yield ETF by 94.8% during the 2nd 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 during the period. Wagner Wealth Management LLC acquired a new stake in AB Short Duration High Yield ETF during the 1st quarter worth approximately $17,361,000. Alliancebernstein L.P. increased its position in AB Short Duration High Yield ETF by 8.4% during the 1st quarter. Alliancebernstein L.P. now owns 4,915,959 shares of the company’s stock worth $174,713,000 after purchasing an additional 379,233 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in AB Short Duration High Yield ETF in the second quarter valued at approximately $10,656,000.

AB Short Duration High Yield ETF Stock Down 0.4%

Shares of SYFI stock opened at $36.00 on Thursday. AB Short Duration High Yield ETF has a one year low of $33.50 and a one year high of $36.29. The company has a 50 day moving average price of $36.03 and a 200 day moving average price of $35.65.

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.