Short Interest in AB Short Duration Income ETF (NYSEARCA:SDFI) Increases By 333.1%

AB Short Duration Income ETF (NYSEARCA:SDFI) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 11,997 shares, an increase of 333.1% from the August 15th total of 2,770 shares. Based on an average daily volume of 17,666 shares, the short-interest ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

AB Short Duration Income ETF Stock Down 0.1%

Shares of NYSEARCA SDFI traded down $0.04 during mid-day trading on Friday, reaching $35.03. 1,521 shares of the company were exchanged, compared to its average volume of 24,921. AB Short Duration Income ETF has a twelve month low of $35.00 and a twelve month high of $36.15. The stock has a market capitalization of $182.16 million, a P/E ratio of 10.94 and a beta of 0.05. The company’s 50-day simple moving average is $35.37 and its 200-day simple moving average is $35.52.

Hedge Funds Weigh In On AB Short Duration Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in SDFI. Global Retirement Partners LLC acquired a new stake in AB Short Duration Income ETF during the 4th quarter worth approximately $28,000. Raymond James Financial Inc. acquired a new stake in shares of AB Short Duration Income ETF during the second quarter worth $45,000. Kestra Advisory Services LLC bought a new stake in shares of AB Short Duration Income ETF in the fourth quarter valued at about $138,000. Gateway Wealth Partners LLC bought a new stake in shares of AB Short Duration Income ETF in the first quarter valued at about $229,000. Finally, World Investment Advisors acquired a new position in shares of AB Short Duration Income ETF in the fourth quarter valued at about $300,000.

AB Short Duration Income ETF Company Profile

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.