AB Ultra Short Income ETF (NYSEARCA:YEAR) Short Interest Update

AB Ultra Short Income ETF (NYSEARCA:YEAR) saw a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 158,562 shares, an increase of 279.1% from the May 14th total of 41,821 shares. Based on an average trading volume of 133,349 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the shares of the company are short sold.

AB Ultra Short Income ETF Price Performance

NYSEARCA YEAR traded up $0.06 on Thursday, reaching $50.30. 61,362 shares of the stock were exchanged, compared to its average volume of 182,378. AB Ultra Short Income ETF has a one year low of $50.21 and a one year high of $50.82. The company’s 50-day simple moving average is $50.35 and its two-hundred day simple moving average is $50.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. lifted its position in shares of AB Ultra Short Income ETF by 9.7% during the second quarter. Raymond James Financial Inc. now owns 506,870 shares of the company’s stock worth $25,678,000 after purchasing an additional 44,660 shares during the last quarter. Ausdal Financial Partners Inc. lifted its position in shares of AB Ultra Short Income ETF by 7.7% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 195,178 shares of the company’s stock valued at $9,888,000 after buying an additional 13,986 shares in the last quarter. Horizon Wealth Management LLC purchased a new position in AB Ultra Short Income ETF in the 3rd quarter valued at $758,000. Alteri Wealth LLC lifted its holdings in AB Ultra Short Income ETF by 20.3% in the 3rd quarter. Alteri Wealth LLC now owns 23,902 shares of the company’s stock valued at $1,211,000 after purchasing an additional 4,028 shares in the last quarter. Finally, Quantum Private Wealth LLC increased its stake in shares of AB Ultra Short Income ETF by 152.2% in the 3rd quarter. Quantum Private Wealth LLC now owns 38,528 shares of the company’s stock worth $1,952,000 after acquiring an additional 23,252 shares during the last quarter.

About AB Ultra Short Income ETF

The Ab Ultra Short Income ETF (YEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to government and corporate ultra-short-term bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than one year. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.