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 decrease in short interest in the month of January. As of January 15th, there was short interest totaling 530 shares, a decrease of 48.7% from the December 31st total of 1,033 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 39,511 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 39,511 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

AB US High Dividend ETF Price Performance

Shares of NYSEARCA:HIDV traded down $0.17 on Friday, reaching $82.59. The company’s stock had a trading volume of 1,298 shares, compared to its average volume of 24,755. AB US High Dividend ETF has a 52-week low of $59.88 and a 52-week high of $83.18. The stock has a market capitalization of $148.66 million, a P/E ratio of 17.91 and a beta of 0.97. The stock’s 50-day moving average is $81.28 and its two-hundred day moving average is $79.00.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HIDV. Laraway Financial Advisors Inc grew its holdings in AB US High Dividend ETF by 7.0% during the second quarter. Laraway Financial Advisors Inc now owns 3,101 shares of the company’s stock worth $227,000 after acquiring an additional 203 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of AB US High Dividend ETF during the 3rd quarter worth $64,000. Osaic Holdings Inc. grew its stake in shares of AB US High Dividend ETF by 34.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after purchasing an additional 1,127 shares during the period. Wagner Wealth Management LLC grew its stake in shares of AB US High Dividend ETF by 1.8% during the 3rd quarter. Wagner Wealth Management LLC now owns 92,110 shares of the company’s stock worth $7,271,000 after purchasing an additional 1,651 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of AB US High Dividend ETF in the 3rd quarter valued at about $419,000.

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.