AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Update

AB Short Duration High Yield ETF (NYSEARCA:SYFI) was the target of a significant drop in short interest in the month of August. As of August 31st, there was short interest totaling 15,235 shares, a drop of 53.6% from the August 15th total of 32,839 shares. Based on an average daily volume of 110,352 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

AB Short Duration High Yield ETF Price Performance

SYFI traded down $0.06 during trading on Tuesday, hitting $35.26. The company’s stock had a trading volume of 62,795 shares, compared to its average volume of 123,791. 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 moving average price is $35.60 and its 200-day moving average price is $35.63.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SYFI. Arkadios Wealth Advisors grew its stake in shares of AB Short Duration High Yield ETF by 1,700.2% in the 1st quarter. Arkadios Wealth Advisors now owns 1,299,942 shares of the company’s stock valued at $46,174,000 after buying an additional 1,227,733 shares during the period. Bank of America Corp DE raised its stake in AB Short Duration High Yield ETF by 35.2% during the 1st quarter. Bank of America Corp DE now owns 1,479,552 shares of the company’s stock worth $52,554,000 after buying an additional 384,835 shares during the period. NewEdge Advisors LLC boosted its holdings in AB Short Duration High Yield ETF by 26.1% in the first quarter. NewEdge Advisors LLC now owns 936,009 shares of the company’s stock worth $33,247,000 after acquiring an additional 193,690 shares in the last quarter. Next Level Private LLC boosted its holdings in AB Short Duration High Yield ETF by 415.3% in the first quarter. Next Level Private LLC now owns 238,836 shares of the company’s stock worth $8,483,000 after acquiring an additional 192,484 shares in the last quarter. Finally, Wagner Wealth Management LLC grew its stake in AB Short Duration High Yield ETF by 9.9% in the first quarter. Wagner Wealth Management LLC now owns 1,238,146 shares of the company’s stock valued at $43,979,000 after acquiring an additional 111,191 shares during the period.

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.