AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 12-Month Low – Should You Sell?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $50.17 and last traded at $50.18, with a volume of 15023 shares changing hands. The stock had previously closed at $50.31.

AB Ultra Short Income ETF Stock Performance

The stock’s 50-day moving average price is $50.27 and its 200-day moving average price is $50.39.

Hedge Funds Weigh In On AB Ultra Short Income ETF

Hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. boosted its position in 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 in the last quarter. Ausdal Financial Partners Inc. increased its position in shares of AB Ultra Short Income ETF by 7.7% in the second 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. Equitable Holdings Inc. increased its position in shares of AB Ultra Short Income ETF by 42.5% in the third quarter. Equitable Holdings Inc. now owns 17,951 shares of the company’s stock valued at $910,000 after buying an additional 5,357 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of AB Ultra Short Income ETF by 140.4% during the 3rd quarter. Citadel Advisors LLC now owns 88,974 shares of the company’s stock worth $4,509,000 after buying an additional 51,967 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of AB Ultra Short Income ETF by 21.1% during the 3rd quarter. NewEdge Advisors LLC now owns 42,419 shares of the company’s stock worth $2,150,000 after buying an additional 7,396 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.