AB US High Dividend ETF (NYSEARCA:HIDV) Stock Short Interest Climbs 92.2%

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 98 shares, a growth of 92.2% from the September 30th total of 51 shares. Based on an average daily volume of 11,091 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

AB US High Dividend ETF Stock Down 1.3%

NYSEARCA HIDV opened at $89.55 on Friday. The company has a market capitalization of $205.97 million, a P/E ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a 12-month low of $75.31 and a 12-month high of $93.53. The firm has a 50-day moving average price of $90.63 and a two-hundred day moving average price of $86.72.

Institutional Investors Weigh In On AB US High Dividend ETF

A hedge fund recently bought a new position in AB US High Dividend ETF stock. Arkadios Wealth Advisors purchased a new stake in AB US High Dividend ETF (NYSEARCA:HIDV) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 94,914 shares of the company’s stock, valued at approximately $7,372,000. Arkadios Wealth Advisors owned 4.52% of AB US High Dividend ETF at the end of the most recent quarter.

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.