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

AB Short Duration High Yield ETF (NYSEARCA:SYFI) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 22,999 shares, a decline of 62.4% from the July 15th total of 61,134 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 107,621 shares, the short-interest ratio is currently 0.2 days.

AB Short Duration High Yield ETF Stock Performance

SYFI stock opened at $35.67 on Friday. AB Short Duration High Yield ETF has a 52-week low of $35.11 and a 52-week high of $36.28. The stock’s fifty day simple moving average is $35.63 and its 200-day simple moving average is $35.70.

Institutional Trading of AB Short Duration High Yield ETF

Hedge funds have recently added to or reduced their stakes in the business. Next Level Private LLC increased its stake in shares of AB Short Duration High Yield ETF by 6.6% during the 2nd quarter. Next Level Private LLC now owns 254,563 shares of the company’s stock valued at $9,092,000 after acquiring an additional 15,727 shares during the last quarter. First Heartland Consultants Inc. boosted its position in shares of AB Short Duration High Yield ETF by 12.8% in the second quarter. First Heartland Consultants Inc. now owns 10,061 shares of the company’s stock worth $359,000 after acquiring an additional 1,142 shares during the last quarter. NewEdge Advisors LLC grew its holdings in AB Short Duration High Yield ETF by 26.1% in the first quarter. NewEdge Advisors LLC now owns 936,009 shares of the company’s stock valued at $33,247,000 after purchasing an additional 193,690 shares during the period. Western Wealth Management LLC purchased a new stake in AB Short Duration High Yield ETF in the first quarter valued at approximately $25,000. Finally, Bank of America Corp DE increased its position in AB Short Duration High Yield ETF by 35.2% during the first quarter. Bank of America Corp DE now owns 1,479,552 shares of the company’s stock worth $52,554,000 after purchasing an additional 384,835 shares during the last quarter.

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.