Short Interest in AB Short Duration Income ETF (NYSEARCA:SDFI) Increases 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. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 13,979 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 13,979 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

AB Short Duration Income ETF Trading Up 0.1%

Shares of AB Short Duration Income ETF stock traded up $0.04 during trading hours on Friday, reaching $35.96. 87 shares of the company’s stock were exchanged, compared to its average volume of 18,858. AB Short Duration Income ETF has a 52-week low of $35.11 and a 52-week high of $36.08. The company has a fifty day moving average of $35.88 and a 200-day moving average of $35.82. The firm has a market capitalization of $140.24 million, a price-to-earnings ratio of 10.94 and a beta of 0.05.

Institutional Investors Weigh In On AB Short Duration Income ETF

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in AB Short Duration Income ETF in the second quarter valued at approximately $45,000. Envestnet Asset Management Inc. lifted its position in AB Short Duration Income ETF by 19.4% during the third 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 in the last quarter. Merit Financial Group LLC acquired a new stake in shares of AB Short Duration Income ETF in the third quarter worth $326,000. Alliancebernstein L.P. increased its position in shares of AB Short Duration Income ETF by 0.6% in the second quarter. Alliancebernstein L.P. now owns 2,747,133 shares of the company’s stock worth $98,814,000 after acquiring an additional 17,160 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of AB Short Duration Income ETF by 61.4% in the 2nd quarter. Jane Street Group LLC now owns 77,284 shares of the company’s stock valued at $2,780,000 after acquiring an additional 29,389 shares during the period.

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.