AB Short Duration High Yield ETF (NYSEARCA:SYFI) Sees Significant Decrease in Short Interest

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 22,999 shares, a decrease of 62.4% from the July 15th total of 61,134 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 107,621 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

A number of large investors have recently modified their holdings of the company. Western Wealth Management LLC acquired a new position in shares of AB Short Duration High Yield ETF in the 1st quarter valued at about $25,000. Hazlett Burt & Watson Inc. increased its position in AB Short Duration High Yield ETF by 628.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 889 shares of the company’s stock worth $31,000 after purchasing an additional 767 shares in the last quarter. Colonial Trust Advisors raised its holdings in AB Short Duration High Yield ETF by 103.3% in the fourth quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock valued at $111,000 after buying an additional 1,575 shares during the period. World Investment Advisors purchased a new position in AB Short Duration High Yield ETF in the fourth quarter valued at approximately $203,000. Finally, Captrust Financial Advisors acquired a new position in AB Short Duration High Yield ETF during the fourth quarter valued at approximately $216,000.

AB Short Duration High Yield ETF Price Performance

Shares of SYFI opened at $35.67 on Friday. AB Short Duration High Yield ETF has a twelve month low of $35.11 and a twelve month high of $36.28. The stock’s fifty day simple moving average is $35.63 and its 200 day simple moving average is $35.70.

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.