AB Short Duration High Yield ETF (NYSEARCA:SYFI) Short Interest Update
by Teresa Graham · The Cerbat GemAB Short Duration High Yield ETF (NYSEARCA:SYFI – Get Free Report) was the recipient of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 44,491 shares, an increase of 220.8% from the January 29th total of 13,869 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 160,420 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 160,420 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the company are sold short.
AB Short Duration High Yield ETF Trading Down 0.2%
NYSEARCA SYFI traded down $0.07 during trading on Friday, reaching $35.89. The company’s stock had a trading volume of 47,402 shares, compared to its average volume of 135,100. AB Short Duration High Yield ETF has a twelve month low of $33.50 and a twelve month high of $36.28. The business’s fifty day moving average price is $36.00 and its 200-day moving average price is $35.97.
AB Short Duration High Yield ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.1801 dividend. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Monday, February 2nd.
Institutional Investors Weigh In On AB Short Duration High Yield ETF
Several large investors have recently modified their holdings of the stock. UBS Group AG grew its position in AB Short Duration High Yield ETF by 1.5% in the 4th quarter. UBS Group AG now owns 2,196,535 shares of the company’s stock valued at $78,922,000 after buying an additional 32,838 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of AB Short Duration High Yield ETF by 7.9% in the 3rd quarter. Bank of America Corp DE now owns 1,658,210 shares of the company’s stock worth $59,911,000 after acquiring an additional 121,176 shares during the period. Royal Bank of Canada lifted its stake in shares of AB Short Duration High Yield ETF by 39.0% in the 4th quarter. Royal Bank of Canada now owns 1,461,513 shares of the company’s stock worth $52,513,000 after acquiring an additional 410,370 shares during the period. LPL Financial LLC boosted its holdings in shares of AB Short Duration High Yield ETF by 1.8% in the fourth quarter. LPL Financial LLC now owns 1,166,323 shares of the company’s stock valued at $41,906,000 after acquiring an additional 20,708 shares in the last quarter. Finally, Wagner Wealth Management LLC increased its stake in shares of AB Short Duration High Yield ETF by 32.7% during the fourth quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock worth $40,491,000 after acquiring an additional 277,538 shares during the period.
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.