Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Rises By 96.5%

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totaling 4,931 shares, an increase of 96.5% from the December 31st total of 2,510 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 83,331 shares, the short-interest ratio is currently 0.1 days. Based on an average daily trading volume, of 83,331 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

AB Short Duration High Yield ETF Trading Down 0.0%

Shares of NYSEARCA:SYFI traded down $0.01 during trading on Friday, hitting $36.09. 138,689 shares of the company were exchanged, compared to its average volume of 103,894. AB Short Duration High Yield ETF has a 52-week low of $33.50 and a 52-week high of $36.28. The stock has a 50 day moving average of $35.99 and a 200 day moving average of $35.97.

Institutional Investors Weigh In On AB Short Duration High Yield ETF

A number of institutional investors and hedge funds have recently modified their holdings of SYFI. Goldman Sachs Group Inc. raised its position in shares of AB Short Duration High Yield ETF by 1,654.8% in the first quarter. Goldman Sachs Group Inc. now owns 1,013,015 shares of the company’s stock worth $36,003,000 after buying an additional 955,288 shares in the last quarter. Bank of America Corp DE increased its stake in AB Short Duration High Yield ETF by 94.8% in the 2nd quarter. Bank of America Corp DE now owns 1,537,034 shares of the company’s stock worth $55,261,000 after acquiring an additional 747,816 shares during the last quarter. Wagner Wealth Management LLC raised its holdings in shares of AB Short Duration High Yield ETF by 80.1% in the 3rd quarter. Wagner Wealth Management LLC now owns 849,417 shares of the company’s stock valued at $30,689,000 after acquiring an additional 377,831 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of AB Short Duration High Yield ETF during the 2nd quarter valued at about $10,656,000. Finally, MGO One Seven LLC purchased a new position in shares of AB Short Duration High Yield ETF during the second quarter worth about $4,256,000.

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.