AB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 107,786 shares. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 8,583 shares, the days-to-cover ratio is currently 12.6 days.
AB Short Duration Income ETF Stock Performance
Shares of SDFI traded down $0.01 during trading hours on Wednesday, hitting $34.81. The stock had a trading volume of 1,870 shares, compared to its average volume of 23,398. The firm has a 50-day moving average price of $35.13 and a 200 day moving average price of $35.38. AB Short Duration Income ETF has a fifty-two week low of $34.61 and a fifty-two week high of $36.15. The firm has a market capitalization of $187.97 million, a price-to-earnings ratio of 10.94 and a beta of 0.06.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. World Investment Advisors grew its position in shares of AB Short Duration Income ETF by 24.0% during the 1st quarter. World Investment Advisors now owns 10,385 shares of the company’s stock valued at $370,000 after acquiring an additional 2,008 shares during the period. Gateway Wealth Partners LLC purchased a new position in shares of AB Short Duration Income ETF in the 1st quarter valued at about $229,000. Finally, Kestra Advisory Services LLC raised its holdings in AB Short Duration Income ETF by 48.0% in the 1st quarter. Kestra Advisory Services LLC now owns 5,723 shares of the company’s stock worth $204,000 after purchasing an additional 1,856 shares during the period.
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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