AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Up 317.8% in January

AB Short Duration Income ETF (NYSEARCA:SDFI) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 6,046 shares, a growth of 317.8% from the December 31st total of 1,447 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily volume of 12,860 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 12,860 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of AB Short Duration Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its holdings in shares of AB Short Duration Income ETF by 14.4% during the third quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after acquiring an additional 394,730 shares in the last quarter. Jane Street Group LLC raised its stake in shares of AB Short Duration Income ETF by 61.4% during the 2nd quarter. Jane Street Group LLC now owns 77,284 shares of the company’s stock worth $2,780,000 after purchasing an additional 29,389 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of AB Short Duration Income ETF by 19.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 12,267 shares of the company’s stock valued at $441,000 after buying an additional 1,997 shares in the last quarter. Merit Financial Group LLC acquired a new position in AB Short Duration Income ETF in the third quarter worth approximately $326,000. Finally, Raymond James Financial Inc. bought a new position in AB Short Duration Income ETF during the second quarter valued at approximately $45,000.

AB Short Duration Income ETF Price Performance

SDFI traded down $0.02 on Wednesday, reaching $35.83. 791 shares of the company traded hands, compared to its average volume of 13,777. The company has a market cap of $154.05 million, a price-to-earnings ratio of 10.94 and a beta of 0.05. The stock’s 50 day moving average price is $35.86 and its 200-day moving average price is $35.85. AB Short Duration Income ETF has a 52-week low of $35.14 and a 52-week high of $36.08.

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.