AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Update

AB Short Duration Income ETF (NYSEARCA:SDFI) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 932 shares, a decline of 44.3% from the June 15th total of 1,673 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 21,030 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Trading of AB Short Duration Income ETF

Several large investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. increased its stake in shares of AB Short Duration Income ETF by 14.4% during the 3rd quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock worth $112,876,000 after purchasing an additional 394,730 shares during the last quarter. Beto Financial Group LLC acquired a new stake in shares of AB Short Duration Income ETF in the 4th quarter valued at $2,460,000. LPL Financial LLC lifted its stake in shares of AB Short Duration Income ETF by 19.2% in the 4th quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock valued at $9,118,000 after purchasing an additional 41,010 shares during the last quarter. Jane Street Group LLC boosted its holdings in AB Short Duration Income ETF by 432.8% in the first quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock worth $1,706,000 after purchasing an additional 38,906 shares in the last quarter. Finally, World Investment Advisors bought a new stake in AB Short Duration Income ETF in the fourth quarter worth $300,000.

AB Short Duration Income ETF Stock Performance

NYSEARCA:SDFI remained flat at $35.46 during mid-day trading on Thursday. The company had a trading volume of 16,355 shares, compared to its average volume of 22,163. The company has a fifty day moving average of $35.49 and a 200 day moving average of $35.65. AB Short Duration Income ETF has a 12-month low of $35.00 and a 12-month high of $36.15. The company has a market cap of $177.30 million, a PE ratio of 10.94 and a beta of 0.05.

About AB Short Duration Income ETF

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.