The AB Short Duration High Yield ETF (NYSEARCA:SYFI) experienced a significant reduction in short interest as of December 15, 2023. The short interest fell to a total of 30,982 shares, marking a decrease of 22.6% from the 40,013 shares reported on November 30, 2023. Given the ETF’s average daily trading volume of 78,437 shares, this results in a short-interest ratio of just 0.4 days. Currently, approximately 0.1% of the ETF’s shares are short sold.
During trading hours on Wednesday, shares of SYFI declined by 0.6%, closing at $35.89. The trading volume for the day reached 72,735 shares, below the ETF’s average of 134,216 shares. Over the past year, SYFI has seen a low of $33.50 and a high of $36.29. The stock’s 50-day moving average stands at $35.91, while the 200-day moving average is slightly lower at $35.93.
Institutional Activity Highlights Changes in Holdings
Several institutional investors have made notable adjustments to their positions in SYFI recently. NewEdge Advisors LLC increased its stake by 1.9% during the third quarter, now holding 700,621 shares valued at approximately $25,313,000 after acquiring an additional 13,385 shares.
In a more aggressive move, Citadel Advisors LLC raised its holdings in SYFI by an impressive 208.4%, bringing its total to 81,393 shares worth around $2,941,000 after purchasing an extra 55,001 shares last quarter. Bank of America Corp also increased its position by 7.9%, now owning 1,658,210 shares valued at approximately $59,911,000.
Similarly, Raymond James Financial Inc. boosted its holdings by 2.5%, acquiring an additional 18,272 shares to reach a total of 755,666 shares valued at $27,302,000. Lastly, Solano Wealth Investment Advisors LLC adjusted its position upwards by 2.2%, increasing its ownership to 378,760 shares now valued at approximately $13,685,000.
Understanding the AB Short Duration High Yield ETF
The AB Short Duration High Yield ETF aims to provide investors with exposure to high-yield fixed-income securities. Launched on December 7, 2011, the fund primarily invests in global fixed-income securities that are generally rated below investment grade, spanning various maturities. The ETF is actively managed to maintain a dollar-weighted average portfolio duration of less than four years.
This latest data on short interest and institutional trading offers insight into investor sentiment surrounding the AB Short Duration High Yield ETF, highlighting both market dynamics and strategic investment decisions.
