AB Short Duration Income ETF (NYSEARCA:SDFI) Short Interest Down 100.0% in March
by Renee Jackson · The Cerbat GemAB Short Duration Income ETF (NYSEARCA:SDFI – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 1 shares, a drop of 100.0% from the March 15th total of 38,802 shares. Based on an average daily trading volume, of 12,090 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are sold short.
AB Short Duration Income ETF Trading Down 0.1%
Shares of NYSEARCA:SDFI traded down $0.03 on Friday, reaching $35.63. 4,856 shares of the company traded hands, compared to its average volume of 23,191. The business’s 50-day simple moving average is $35.72 and its 200 day simple moving average is $35.81. AB Short Duration Income ETF has a 52 week low of $35.00 and a 52 week high of $36.15. The stock has a market capitalization of $163.90 million, a P/E ratio of 10.94 and a beta of 0.07.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of SDFI. Alliancebernstein L.P. grew its stake in shares of AB Short Duration Income ETF by 14.4% during the third quarter. Alliancebernstein L.P. now owns 3,141,863 shares of the company’s stock valued at $112,876,000 after buying an additional 394,730 shares during the last quarter. Beto Financial Group LLC bought a new stake in shares of AB Short Duration Income ETF in the fourth quarter worth about $2,460,000. LPL Financial LLC grew its stake in shares of AB Short Duration Income ETF by 19.2% in the fourth quarter. LPL Financial LLC now owns 254,724 shares of the company’s stock worth $9,118,000 after purchasing an additional 41,010 shares during the last quarter. Jane Street Group LLC grew its stake in shares of AB Short Duration Income ETF by 432.8% in the first quarter. Jane Street Group LLC now owns 47,895 shares of the company’s stock worth $1,706,000 after purchasing an additional 38,906 shares during the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of AB Short Duration Income ETF in the third quarter worth about $326,000.
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.