The AB Short Duration High Yield ETF (NYSEARCA:SYFI) experienced a significant decline in short interest during December 2023, according to recent data. As of December 15, the total short interest stood at 30,982 shares, representing a decrease of 22.6% from the 40,013 shares recorded on November 30. This shift reflects the ETF’s changing dynamics in the market, where approximately 0.1% of its shares are currently sold short.
With an average daily trading volume of 78,437 shares, the short-interest ratio is now at 0.4 days, indicating a relatively low level of short selling activity compared to the overall trading landscape. The ETF’s stock price has also seen fluctuations, trading down by 0.6% to $35.89 during trading hours on a recent Wednesday. This price marks a slight dip from its 52-week high of $36.29 and is above its low of $33.50.
Institutional Activity Shifts in AB Short Duration High Yield ETF
Recent trading activity among institutional investors has seen several firms adjusting their positions in SYFI. Notably, NewEdge Advisors LLC increased its stake in the ETF by 1.9% in the third quarter, bringing its total holdings to 700,621 shares, valued at approximately $25.3 million after acquiring an additional 13,385 shares.
In a more substantial move, Citadel Advisors LLC raised its position by 208.4%, now holding 81,393 shares worth around $2.94 million following the purchase of an additional 55,001 shares. Similarly, Bank of America Corp DE lifted its holdings by 7.9%, increasing its ownership to 1,658,210 shares, valued at about $59.91 million after buying 121,176 shares during the same period.
Other institutional investors such as Raymond James Financial Inc. and Solano Wealth Investment Advisors LLC also made notable adjustments, reflecting a broader trend of institutional engagement with the ETF.
AB Short Duration High Yield ETF Overview
The AB Short Duration High Yield ETF, launched on December 7, 2011, primarily invests in high-yield fixed income securities, focusing on global fixed income assets with below-investment-grade ratings. The ETF aims to maintain a dollar-weighted average portfolio duration of less than four years, catering to investors seeking exposure to fixed income while managing interest rate risks.
As trading continues, the ETF’s performance and institutional interest will be closely monitored, especially in light of recent market shifts and investor sentiment. Investors looking for insights can subscribe for daily updates on SYFI and related financial developments, ensuring they remain informed on the latest trends.
