AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Up 93.6% in June

AB US High Dividend ETF (NYSEARCA:HIDV) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 3,700 shares, an increase of 93.6% from the May 31st total of 1,911 shares. Based on an average daily volume of 39,927 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. raised its stake in 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 during the last quarter. Osaic Holdings Inc. grew its holdings in shares of AB US High Dividend ETF by 34.3% during the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after buying an additional 1,127 shares in the last quarter. PNC Financial Services Group Inc. acquired a new position in shares of AB US High Dividend ETF in the third quarter valued at approximately $64,000. JPMorgan Chase & Co. acquired a new position in shares of AB US High Dividend ETF in the third quarter valued at approximately $419,000. Finally, Wagner Wealth Management LLC lifted its stake in shares of AB US High Dividend ETF by 2.5% during the fourth quarter. Wagner Wealth Management LLC now owns 94,379 shares of the company’s stock valued at $7,613,000 after buying an additional 2,269 shares during the period.

AB US High Dividend ETF Price Performance

Shares of NYSEARCA HIDV traded down $0.15 during midday trading on Thursday, hitting $88.05. 42,162 shares of the company’s stock were exchanged, compared to its average volume of 14,471. The firm’s fifty day simple moving average is $87.46 and its 200-day simple moving average is $83.44. The company has a market cap of $202.51 million, a PE ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a twelve month low of $73.86 and a twelve month high of $90.00.

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.