AB US High Dividend ETF (NYSEARCA:HIDV) Sees Large Decrease in Short Interest

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 1,598 shares, a drop of 21.5% from the March 31st total of 2,035 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 20,997 shares, the short-interest ratio is presently 0.1 days.

AB US High Dividend ETF Stock Up 0.2%

Shares of AB US High Dividend ETF stock traded up $0.17 during midday trading on Friday, hitting $85.51. The company’s stock had a trading volume of 647 shares, compared to its average volume of 14,220. The firm has a market capitalization of $179.57 million, a P/E ratio of 17.91 and a beta of 0.96. The stock has a 50-day simple moving average of $81.07 and a 200-day simple moving average of $80.86. AB US High Dividend ETF has a 1-year low of $67.33 and a 1-year high of $85.78.

Institutional Trading of AB US High Dividend ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wagner Wealth Management LLC boosted its position in shares of 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 buying an additional 2,773 shares during the period. Royal Bank of Canada acquired a new stake in shares of AB US High Dividend ETF in the fourth quarter worth $50,000. LPL Financial LLC boosted its position in shares of 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 buying an additional 13,201 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of AB US High Dividend ETF by 74.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock worth $758,000 after acquiring an additional 3,998 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of AB US High Dividend ETF during the third quarter worth $419,000.

AB US High Dividend ETF Company Profile

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.