AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Down 75.5% in March

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a large decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,775 shares, a decline of 75.5% from the February 26th total of 7,242 shares. Based on an average daily trading volume, of 21,183 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 21,183 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On AB US High Dividend ETF

Several hedge funds have recently modified their holdings of HIDV. Alliancebernstein L.P. raised its position in shares of AB US High Dividend ETF by 37.6% in the 3rd quarter. Alliancebernstein L.P. now owns 981,306 shares of the company’s stock valued at $77,467,000 after purchasing an additional 268,389 shares during the last quarter. LPL Financial LLC grew its position in AB US High Dividend ETF by 3.0% during the 4th quarter. LPL Financial LLC now owns 447,702 shares of the company’s stock worth $36,112,000 after purchasing an additional 13,201 shares during the last quarter. Wagner Wealth Management LLC grew its position in AB US High Dividend ETF by 2.5% during the 4th quarter. Wagner Wealth Management LLC now owns 94,379 shares of the company’s stock worth $7,613,000 after purchasing an additional 2,269 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in AB US High Dividend ETF by 29.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 33,117 shares of the company’s stock valued at $2,614,000 after purchasing an additional 7,501 shares in the last quarter. Finally, Kingsview Wealth Management LLC increased its stake in AB US High Dividend ETF by 74.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock valued at $758,000 after purchasing an additional 3,998 shares in the last quarter.

AB US High Dividend ETF Price Performance

AB US High Dividend ETF stock traded up $0.46 during midday trading on Wednesday, reaching $78.03. The company’s stock had a trading volume of 3,553 shares, compared to its average volume of 15,669. The stock’s 50-day simple moving average is $81.72 and its 200-day simple moving average is $80.37. AB US High Dividend ETF has a 52-week low of $59.88 and a 52-week high of $84.25. The stock has a market capitalization of $140.45 million, a P/E ratio of 17.91 and a beta of 0.97.

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.