AB US High Dividend ETF (NYSEARCA:HIDV) Sees Significant Growth in Short Interest

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 3,700 shares, a growth of 93.6% from the May 31st total of 1,911 shares. Based on an average trading volume of 39,927 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.2% of the company’s shares are short sold.

AB US High Dividend ETF Stock Down 0.1%

NYSEARCA HIDV traded down $0.07 on Wednesday, hitting $88.52. The company’s stock had a trading volume of 713 shares, compared to its average volume of 14,245. The company’s 50-day moving average is $87.39 and its 200 day moving average is $83.39. The firm has a market cap of $185.89 million, a PE ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a 1-year low of $73.86 and a 1-year high of $90.00.

Institutional Trading of AB US High Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Alliancebernstein L.P. lifted its holdings in AB US High Dividend ETF by 129.0% during the 2nd quarter. Alliancebernstein L.P. now owns 712,917 shares of the company’s stock worth $52,264,000 after buying an additional 401,645 shares during the period. Osaic Holdings Inc. raised its position in shares of AB US High Dividend ETF by 34.3% during the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after acquiring an additional 1,127 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of AB US High Dividend ETF in the third quarter worth approximately $64,000. JPMorgan Chase & Co. bought a new stake in AB US High Dividend ETF in the third quarter valued at approximately $419,000. Finally, Wagner Wealth Management LLC increased 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 valued at $7,613,000 after purchasing an additional 2,269 shares during the period.

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.