AB Short Duration Income ETF (NYSEARCA:SDFI) Sees Large Increase in Short Interest

AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 107,786 shares. Based on an average daily trading volume, of 8,583 shares, the short-interest ratio is presently 12.6 days. Approximately 2.0% of the company’s stock are short sold.

Hedge Funds Weigh In On AB Short Duration Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. Gateway Wealth Partners LLC acquired a new stake in shares of AB Short Duration Income ETF in the 1st quarter worth $229,000. Kestra Advisory Services LLC grew its stake in AB Short Duration Income ETF by 48.0% during the 1st quarter. Kestra Advisory Services LLC now owns 5,723 shares of the company’s stock worth $204,000 after buying an additional 1,856 shares during the last quarter. Finally, World Investment Advisors grew its stake in AB Short Duration Income ETF by 24.0% during the 1st quarter. World Investment Advisors now owns 10,385 shares of the company’s stock worth $370,000 after buying an additional 2,008 shares during the last quarter.

AB Short Duration Income ETF Stock Up 0.2%

Shares of NYSEARCA SDFI traded up $0.07 during trading hours on Thursday, hitting $34.88. 1,445 shares of the stock were exchanged, compared to its average volume of 23,287. The company has a market cap of $188.35 million, a PE ratio of 10.94 and a beta of 0.06. The firm has a fifty day moving average price of $35.11 and a 200-day moving average price of $35.38. AB Short Duration Income ETF has a 12 month low of $34.61 and a 12 month high of $36.15.

AB Short Duration Income ETF Company Profile

(Get Free Report)

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.

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