AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the recipient of a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 1,437 shares, a decline of 92.3% from the October 15th total of 18,776 shares. Based on an average daily trading volume, of 8,674 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.
Institutional Investors Weigh In On AB Short Duration Income ETF
A hedge fund recently raised its stake in AB Short Duration Income ETF stock. Kestra Advisory Services LLC lifted its stake in AB Short Duration Income ETF (NYSEARCA:SDFI – Free Report) by 71.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,080 shares of the company’s stock after purchasing an additional 5,448 shares during the quarter. Kestra Advisory Services LLC owned about 0.24% of AB Short Duration Income ETF worth $455,000 at the end of the most recent reporting period.
AB Short Duration Income ETF Price Performance
Shares of NYSEARCA SDFI traded down $0.09 during mid-day trading on Thursday, hitting $34.79. 2,081 shares of the company’s stock traded hands, compared to its average volume of 22,012. AB Short Duration Income ETF has a 1 year low of $34.61 and a 1 year high of $36.15. The company’s 50-day moving average is $34.94 and its two-hundred day moving average is $35.42. The company has a market capitalization of $191.34 million, a P/E 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.
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