Short Interest in AB Short Duration Income ETF (NYSEARCA:SDFI) Grows By 96.7%

AB Short Duration Income ETF (NYSEARCA:SDFI) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 4,364 shares, a growth of 96.7% from the November 30th total of 2,219 shares. Based on an average daily volume of 13,979 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 13,979 shares, the short-interest ratio is currently 0.3 days.

AB Short Duration Income ETF Trading Up 0.1%

NYSEARCA:SDFI traded up $0.04 during trading hours on Friday, hitting $35.96. 87 shares of the company traded hands, compared to its average volume of 18,858. AB Short Duration Income ETF has a twelve month low of $35.11 and a twelve month high of $36.08. The firm has a 50-day moving average of $35.88 and a 200 day moving average of $35.82. The stock has a market capitalization of $140.24 million, a price-to-earnings ratio of 10.94 and a beta of 0.05.

Institutional Trading of AB Short Duration Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. acquired a new stake in AB Short Duration Income ETF in the second quarter worth $45,000. Merit Financial Group LLC acquired a new position in shares of AB Short Duration Income ETF during the third quarter worth about $326,000. Envestnet Asset Management Inc. raised its position in AB Short Duration Income ETF by 19.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock valued at $441,000 after buying an additional 1,997 shares during the last quarter. Jane Street Group LLC lifted its stake in AB Short Duration Income ETF by 432.8% in the 1st quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock valued at $1,706,000 after acquiring an additional 38,906 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its stake in AB Short Duration Income ETF by 30.5% in the 1st quarter. Alliancebernstein L.P. now owns 2,729,973 shares of the company’s stock valued at $97,269,000 after acquiring an additional 638,816 shares in the last quarter.

About AB Short Duration Income ETF

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.