AB Short Duration High Yield ETF (NYSEARCA:SYFI) Sees Significant Decrease in Short Interest

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a significant drop in short interest in May. As of May 29th, there was short interest totaling 12,368 shares, a drop of 66.9% from the May 14th total of 37,341 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 144,749 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On AB Short Duration High Yield ETF

Several institutional investors have recently bought and sold shares of SYFI. Wagner Wealth Management LLC grew its stake in shares of AB Short Duration High Yield ETF by 32.7% in the 4th quarter. Wagner Wealth Management LLC now owns 1,126,955 shares of the company’s stock worth $40,491,000 after buying an additional 277,538 shares in the last quarter. Magnolia Capital Advisors LLC grew its stake in shares of AB Short Duration High Yield ETF by 267.1% in the 3rd quarter. Magnolia Capital Advisors LLC now owns 26,558 shares of the company’s stock worth $960,000 after buying an additional 19,324 shares in the last quarter. Stonebridge Financial Group LLC MO purchased a new position in shares of AB Short Duration High Yield ETF in the 4th quarter worth $3,790,000. Farther Finance Advisors LLC purchased a new position in shares of AB Short Duration High Yield ETF in the 4th quarter worth $1,292,000. Finally, Huntleigh Advisors Inc. grew its stake in shares of AB Short Duration High Yield ETF by 31.2% in the 4th quarter. Huntleigh Advisors Inc. now owns 354,050 shares of the company’s stock worth $12,721,000 after buying an additional 84,131 shares in the last quarter.

AB Short Duration High Yield ETF Stock Performance

SYFI traded up $0.04 during trading on Friday, hitting $35.70. 56,416 shares of the company traded hands, compared to its average volume of 134,997. The stock’s 50-day simple moving average is $35.71 and its two-hundred day simple moving average is $35.80. AB Short Duration High Yield ETF has a 1 year low of $35.11 and a 1 year high of $36.28.

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.