AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 18,776 shares, a decline of 82.6% from the September 30th total of 107,786 shares. Based on an average trading volume of 15,076 shares, the short-interest ratio is presently 1.2 days. Currently, 0.3% of the company’s shares are short sold.
Institutional Trading of AB Short Duration Income ETF
Several hedge funds have recently made changes to their positions in SDFI. Gateway Wealth Partners LLC purchased a new stake in shares of AB Short Duration Income ETF during the 1st quarter valued at approximately $229,000. Kestra Advisory Services LLC lifted its holdings in AB Short Duration Income ETF by 48.0% in the first quarter. Kestra Advisory Services LLC now owns 5,723 shares of the company’s stock valued at $204,000 after acquiring an additional 1,856 shares during the last quarter. Finally, World Investment Advisors lifted its holdings in AB Short Duration Income ETF by 24.0% in the first quarter. World Investment Advisors now owns 10,385 shares of the company’s stock valued at $370,000 after acquiring an additional 2,008 shares during the last quarter.
AB Short Duration Income ETF Price Performance
Shares of SDFI traded up $0.05 during mid-day trading on Tuesday, reaching $34.95. The stock had a trading volume of 1,674 shares, compared to its average volume of 22,637. AB Short Duration Income ETF has a 52-week low of $34.61 and a 52-week high of $36.15. The business’s fifty day moving average is $35.05 and its 200 day moving average is $35.47. The firm has a market cap of $192.21 million, a price-to-earnings ratio of 10.94 and a beta of 0.06.
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.
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