AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Down 44.3% in June

AB Short Duration Income ETF (NYSEARCA:SDFI) was the recipient of a large decline in short interest in June. As of June 30th, there was short interest totaling 932 shares, a decline of 44.3% from the June 15th total of 1,673 shares. Based on an average daily volume of 21,030 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On AB Short Duration Income ETF

Several hedge funds have recently bought and sold shares of SDFI. Global Retirement Partners LLC purchased a new position in AB Short Duration Income ETF during the 4th quarter valued at about $28,000. Raymond James Financial Inc. acquired a new stake in shares of AB Short Duration Income ETF during the second quarter worth approximately $45,000. Wagner Wealth Management LLC acquired a new stake in shares of AB Short Duration Income ETF during the fourth quarter worth approximately $117,000. Kestra Advisory Services LLC purchased a new position in AB Short Duration Income ETF during the fourth quarter valued at approximately $138,000. Finally, Gateway Wealth Partners LLC purchased a new position in AB Short Duration Income ETF during the first quarter valued at approximately $229,000.

AB Short Duration Income ETF Stock Performance

NYSEARCA:SDFI remained flat at $35.46 during trading hours on Friday. 634 shares of the company’s stock traded hands, compared to its average volume of 22,003. The business’s fifty day simple moving average is $35.49 and its 200 day simple moving average is $35.65. The firm has a market capitalization of $177.30 million, a price-to-earnings ratio of 10.94 and a beta of 0.05. AB Short Duration Income ETF has a 52 week low of $35.00 and a 52 week high of $36.15.

AB Short Duration Income ETF Company Profile

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.