AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 107,786 shares. Based on an average trading volume of 8,583 shares, the days-to-cover ratio is presently 12.6 days. Currently, 2.0% of the shares of the stock are sold short.
AB Short Duration Income ETF Price Performance
NYSEARCA SDFI traded down $0.01 on Wednesday, hitting $34.81. The company had a trading volume of 1,870 shares, compared to its average volume of 23,398. The company has a market capitalization of $187.97 million, a PE ratio of 10.94 and a beta of 0.06. The company’s fifty day moving average price is $35.13 and its 200-day moving average price is $35.38. AB Short Duration Income ETF has a 12-month low of $34.61 and a 12-month high of $36.15.
Institutional Trading of AB Short Duration Income ETF
Several institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC raised its position in shares of AB Short Duration Income ETF by 48.0% during the 1st quarter. Kestra Advisory Services LLC now owns 5,723 shares of the company’s stock worth $204,000 after purchasing an additional 1,856 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in AB Short Duration Income ETF in the 1st quarter worth about $229,000. Finally, World Investment Advisors acquired a new stake in AB Short Duration Income ETF in the 4th quarter worth about $300,000.
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.
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