AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 3,425 shares, a growth of 159.9% from the July 15th total of 1,318 shares. Based on an average trading volume of 51,423 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.
AB Short Duration Income ETF Trading Up 0.2%
AB Short Duration Income ETF stock opened at $35.46 on Friday. The firm has a market cap of $184.39 million, a P/E ratio of 10.94 and a beta of 0.05. AB Short Duration Income ETF has a 1-year low of $35.00 and a 1-year high of $36.15. The firm has a 50-day moving average of $35.43 and a 200-day moving average of $35.59.
Hedge Funds Weigh In On AB Short Duration Income ETF
Several hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC bought a new position in shares of AB Short Duration Income ETF during the fourth quarter valued at approximately $28,000. Raymond James Financial Inc. bought a new stake in AB Short Duration Income ETF in the second quarter valued at $45,000. Wagner Wealth Management LLC purchased a new position in AB Short Duration Income ETF during the 4th quarter valued at $117,000. Kestra Advisory Services LLC bought a new position in AB Short Duration Income ETF in the 4th quarter worth $138,000. Finally, Gateway Wealth Partners LLC bought a new position in AB Short Duration Income ETF in the 1st quarter worth $229,000.
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.
Further Reading
- Five stocks we like better than AB Short Duration Income ETF
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
Receive News & Ratings for AB Short Duration Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Short Duration Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
