AB US High Dividend ETF (NYSEARCA:HIDV) Sees Large Drop in Short Interest

AB US High Dividend ETF (NYSEARCA:HIDV) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 530 shares, a drop of 48.7% from the December 31st total of 1,033 shares. Based on an average daily volume of 39,511 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily volume of 39,511 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in AB US High Dividend ETF during the 3rd quarter valued at $64,000. Laraway Financial Advisors Inc grew its stake in shares of AB US High Dividend ETF by 7.0% in the second quarter. Laraway Financial Advisors Inc now owns 3,101 shares of the company’s stock worth $227,000 after acquiring an additional 203 shares during the last quarter. Osaic Holdings Inc. grew its position in AB US High Dividend ETF by 34.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock valued at $323,000 after purchasing an additional 1,127 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of AB US High Dividend ETF during the third quarter valued at approximately $419,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of AB US High Dividend ETF in the 2nd quarter worth $1,878,000.

AB US High Dividend ETF Stock Performance

Shares of AB US High Dividend ETF stock traded down $0.17 on Friday, hitting $82.59. The company had a trading volume of 1,298 shares, compared to its average volume of 24,755. The stock has a market capitalization of $148.66 million, a price-to-earnings ratio of 17.91 and a beta of 0.97. The stock has a 50 day moving average of $81.28 and a 200-day moving average of $78.96. AB US High Dividend ETF has a 1 year low of $59.88 and a 1 year high of $83.18.

About AB US High Dividend ETF

The AB US High Dividend ETF (HIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying companies. Selection is based on a proprietary systemic approach of large- and mid-cap US stocks. HIDV was launched on Mar 22, 2023 and is managed by AllianceBernstein.