AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Up 2,660,400.0% in April

AB Short Duration Income ETF (NYSEARCA:SDFI) saw a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 26,605 shares, an increase of 2,660,400.0% from the March 31st total of 1 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 17,251 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Investors Weigh In On AB Short Duration Income ETF

Large investors have recently bought and sold shares of the company. Alliancebernstein L.P. raised its position in AB Short Duration Income ETF by 14.4% during the third quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock valued at $112,876,000 after purchasing an additional 394,730 shares in the last quarter. Beto Financial Group LLC acquired a new position in AB Short Duration Income ETF during the fourth quarter valued at approximately $2,460,000. LPL Financial LLC grew its holdings in shares of AB Short Duration Income ETF by 19.2% during the 4th quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock valued at $9,118,000 after purchasing an additional 41,010 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of AB Short Duration Income ETF by 432.8% during the 1st quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock valued at $1,706,000 after purchasing an additional 38,906 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of AB Short Duration Income ETF during the 3rd quarter valued at approximately $326,000.

AB Short Duration Income ETF Price Performance

SDFI traded up $0.04 during trading on Friday, hitting $35.75. The stock had a trading volume of 15,027 shares, compared to its average volume of 21,364. The company has a 50 day moving average price of $35.70 and a 200-day moving average price of $35.80. The firm has a market cap of $164.45 million, a price-to-earnings ratio of 10.94 and a beta of 0.07. AB Short Duration Income ETF has a one year low of $35.00 and a one year high of $36.15.

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.