AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Up 70.0% in July

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,182 shares, an increase of 70.0% from the June 30th total of 1,872 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 11,339 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of AB US High Dividend ETF

Hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its stake in shares of AB US High Dividend ETF by 37.6% in the third quarter. Alliancebernstein L.P. now owns 981,306 shares of the company’s stock worth $77,467,000 after purchasing an additional 268,389 shares in the last quarter. LPL Financial LLC lifted its holdings in AB US High Dividend ETF by 3.0% in the fourth 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 period. Wagner Wealth Management LLC lifted its holdings in AB US High Dividend ETF by 2.9% in the first quarter. Wagner Wealth Management LLC now owns 97,152 shares of the company’s stock worth $7,546,000 after purchasing an additional 2,773 shares during the period. Arkadios Wealth Advisors acquired a new stake in AB US High Dividend ETF in the first quarter worth about $7,372,000. Finally, Kingsview Wealth Management LLC grew its position in AB US High Dividend ETF by 74.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock valued at $758,000 after buying an additional 3,998 shares in the last quarter.

AB US High Dividend ETF Stock Up 0.3%

HIDV stock opened at $89.96 on Friday. The stock has a market cap of $206.91 million, a PE ratio of 17.91 and a beta of 0.96. The firm’s 50-day simple moving average is $88.77 and its 200 day simple moving average is $84.67. AB US High Dividend ETF has a fifty-two week low of $73.86 and a fifty-two week high of $90.53.

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.