Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Expands By 348.2%

AB Short Duration High Yield ETF (NYSEARCA:SYFIGet Free Report) was the recipient of a large growth in short interest in July. As of July 15th, there was short interest totaling 61,134 shares, a growth of 348.2% from the June 30th total of 13,639 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 79,355 shares, the short-interest ratio is presently 0.8 days.

AB Short Duration High Yield ETF Price Performance

AB Short Duration High Yield ETF stock opened at $35.53 on Friday. AB Short Duration High Yield ETF has a 52 week low of $35.11 and a 52 week high of $36.28. The company’s 50-day moving average price is $35.66 and its two-hundred day moving average price is $35.74.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC bought a new stake in AB Short Duration High Yield ETF during the first quarter worth approximately $25,000. Hazlett Burt & Watson Inc. boosted its stake 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 valued at $31,000 after purchasing an additional 767 shares in the last quarter. Colonial Trust Advisors increased its position in shares of AB Short Duration High Yield ETF by 103.3% during the 4th quarter. Colonial Trust Advisors now owns 3,100 shares of the company’s stock valued at $111,000 after purchasing an additional 1,575 shares during the period. World Investment Advisors acquired a new position in shares of AB Short Duration High Yield ETF during the 4th quarter valued at $203,000. Finally, Captrust Financial Advisors bought a new stake in shares of AB Short Duration High Yield ETF in the 4th quarter worth $216,000.

AB Short Duration High Yield ETF Company Profile

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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.

Further Reading

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