AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Down 79.4% in February

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 9,163 shares, a drop of 79.4% from the February 12th total of 44,491 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 176,430 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 176,430 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

AB Short Duration High Yield ETF Trading Down 0.6%

Shares of SYFI traded down $0.20 during mid-day trading on Thursday, reaching $35.39. 78,826 shares of the company’s stock traded hands, compared to its average volume of 148,823. The stock’s 50-day moving average is $35.93 and its two-hundred day moving average is $35.96. AB Short Duration High Yield ETF has a 12 month low of $33.50 and a 12 month high of $36.28.

AB Short Duration High Yield ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.1731 per share. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 5.9%.

Institutional Trading of AB Short Duration High Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of SYFI. UBS Group AG boosted its stake in shares of AB Short Duration High Yield ETF by 1.5% during the fourth quarter. UBS Group AG now owns 2,196,535 shares of the company’s stock valued at $78,922,000 after purchasing an additional 32,838 shares during the period. Bank of America Corp DE lifted its holdings in AB Short Duration High Yield ETF by 7.9% during the 3rd quarter. Bank of America Corp DE now owns 1,658,210 shares of the company’s stock valued at $59,911,000 after buying an additional 121,176 shares in the last quarter. Royal Bank of Canada lifted its holdings in AB Short Duration High Yield ETF by 39.0% during the 4th 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 in the last quarter. LPL Financial LLC boosted its position in AB Short Duration High Yield ETF by 1.8% in the 4th quarter. LPL Financial LLC now owns 1,166,323 shares of the company’s stock valued at $41,906,000 after buying an additional 20,708 shares during the period. Finally, Wagner Wealth Management LLC boosted its position in AB Short Duration High Yield ETF by 32.7% in the 4th 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 period.

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.