Short Interest in AB Short Duration High Yield ETF (NYSEARCA:SYFI) Rises By 96.5%
by Teresa Graham · The Cerbat GemAB Short Duration High Yield ETF (NYSEARCA:SYFI – Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 4,931 shares, a growth of 96.5% from the December 31st total of 2,510 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 83,331 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 83,331 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.
AB Short Duration High Yield ETF Stock Down 0.0%
AB Short Duration High Yield ETF stock traded down $0.01 during trading hours on Friday, hitting $36.09. The stock had a trading volume of 138,689 shares, compared to its average volume of 103,894. The stock’s 50-day moving average price is $35.99 and its 200-day moving average price is $35.97. AB Short Duration High Yield ETF has a 12-month low of $33.50 and a 12-month high of $36.28.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Colonial Trust Advisors bought a new stake in AB Short Duration High Yield ETF during the 2nd quarter valued at $55,000. Private Trust Co. NA grew its holdings in AB Short Duration High Yield ETF by 41.3% in the second quarter. Private Trust Co. NA now owns 4,955 shares of the company’s stock worth $178,000 after purchasing an additional 1,448 shares during the last quarter. CWM LLC increased its position in AB Short Duration High Yield ETF by 73.4% during the 2nd quarter. CWM LLC now owns 5,074 shares of the company’s stock valued at $182,000 after buying an additional 2,148 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. purchased a new position in shares of AB Short Duration High Yield ETF in the 3rd quarter valued at approximately $201,000. Finally, Centerpoint Advisory Group acquired a new stake in shares of AB Short Duration High Yield ETF during the third quarter worth $206,000.
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.