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

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 4,857 shares, an increase of 562.6% from the November 30th total of 733 shares. Based on an average daily trading volume, of 2,619 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.3% of the company’s stock are sold short. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 2,619 shares, the days-to-cover ratio is presently 1.9 days.

AB US High Dividend ETF Price Performance

AB US High Dividend ETF stock traded up $0.33 during midday trading on Wednesday, hitting $81.54. 1,576 shares of the company were exchanged, compared to its average volume of 7,877. The company has a market cap of $130.46 million, a PE ratio of 17.91 and a beta of 0.97. AB US High Dividend ETF has a fifty-two week low of $59.88 and a fifty-two week high of $81.63. The company’s fifty day moving average price is $79.67 and its 200-day moving average price is $77.32.

Institutional Investors Weigh In On AB US High Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its holdings in AB US High Dividend ETF by 37.6% in the 3rd quarter. Alliancebernstein L.P. now owns 981,306 shares of the company’s stock worth $77,467,000 after buying an additional 268,389 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of AB US High Dividend ETF during the third quarter worth about $419,000. PNC Financial Services Group Inc. acquired a new position in shares of AB US High Dividend ETF in the third quarter worth about $64,000. Envestnet Asset Management Inc. lifted its stake in shares of AB US High Dividend ETF by 29.3% in the third quarter. Envestnet Asset Management Inc. now owns 33,117 shares of the company’s stock worth $2,614,000 after acquiring an additional 7,501 shares in the last quarter. Finally, Wagner Wealth Management LLC boosted its holdings in AB US High Dividend ETF by 1.8% in the third quarter. Wagner Wealth Management LLC now owns 92,110 shares of the company’s stock valued at $7,271,000 after purchasing an additional 1,651 shares during the last quarter.

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.