AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Up 496.0% in February

AB US High Dividend ETF (NYSEARCA:HIDV) saw a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 7,242 shares, a growth of 496.0% from the February 12th total of 1,215 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 12,960 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 12,960 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are sold short.

AB US High Dividend ETF Price Performance

Shares of NYSEARCA HIDV traded down $0.02 during midday trading on Tuesday, hitting $80.63. The company’s stock had a trading volume of 25,056 shares, compared to its average volume of 17,799. The firm has a market capitalization of $145.13 million, a price-to-earnings ratio of 17.91 and a beta of 0.97. AB US High Dividend ETF has a 1 year low of $59.88 and a 1 year high of $84.25. The business’s fifty day simple moving average is $82.27 and its two-hundred day simple moving average is $80.30.

Institutional Investors Weigh In On AB US High Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in HIDV. Alliancebernstein L.P. raised its position in shares of AB US High Dividend ETF by 129.0% in the 2nd quarter. Alliancebernstein L.P. now owns 712,917 shares of the company’s stock valued at $52,264,000 after purchasing an additional 401,645 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of AB US High Dividend ETF in the 2nd quarter worth about $1,878,000. LPL Financial LLC boosted its stake in 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 valued at $36,112,000 after acquiring an additional 13,201 shares during the period. JPMorgan Chase & Co. acquired a new position in AB US High Dividend ETF during the 3rd quarter valued at approximately $419,000. Finally, Kingsview Wealth Management LLC boosted 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 valued at $758,000 after acquiring an additional 3,998 shares during the period.

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.