AB Short Duration High Yield ETF (NYSEARCA:SYFI) Sees Large Drop in Short Interest

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 13,395 shares, a drop of 60.3% from the September 30th total of 33,743 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 169,059 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SYFI. Western Wealth Management LLC bought a new stake in AB Short Duration High Yield ETF during the first quarter valued at about $25,000. Root Financial Partners LLC purchased a new position in AB Short Duration High Yield ETF in the third quarter valued at about $28,000. First Heartland Consultants Inc. grew its stake in AB Short Duration High Yield ETF by 12.8% in the second quarter. First Heartland Consultants Inc. now owns 10,061 shares of the company’s stock valued at $359,000 after purchasing an additional 1,142 shares during the last quarter. D.A. Davidson & CO. purchased a new position in AB Short Duration High Yield ETF in the third quarter valued at about $484,000. Finally, Encompass More Asset Management raised its holdings in AB Short Duration High Yield ETF by 67.6% in the third quarter. Encompass More Asset Management now owns 25,370 shares of the company’s stock worth $886,000 after purchasing an additional 10,237 shares in the last quarter.

AB Short Duration High Yield ETF Stock Performance

NYSEARCA:SYFI traded down $0.03 during trading hours on Friday, reaching $35.10. The company’s stock had a trading volume of 75,199 shares, compared to its average volume of 129,020. The stock has a 50 day moving average price of $35.19 and a two-hundred day moving average price of $35.58. AB Short Duration High Yield ETF has a 12 month low of $34.60 and a 12 month high of $36.14.

About AB Short Duration High Yield ETF

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.