AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Large Growth in Short Interest

AB Ultra Short Income ETF (NYSEARCA:YEARGet Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 158,562 shares, an increase of 279.1% from the May 14th total of 41,821 shares. Based on an average daily volume of 133,349 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the shares of the company are short sold.

AB Ultra Short Income ETF Price Performance

Shares of NYSEARCA:YEAR traded down $0.02 on Friday, hitting $50.28. The company had a trading volume of 62,714 shares, compared to its average volume of 181,309. The stock has a 50 day moving average price of $50.35 and a 200 day moving average price of $50.47. AB Ultra Short Income ETF has a 1-year low of $50.21 and a 1-year high of $50.82.

Hedge Funds Weigh In On AB Ultra Short Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. N.E.W. Advisory Services LLC acquired a new position in shares of AB Ultra Short Income ETF in the fourth quarter valued at about $73,000. Wagner Wealth Management LLC acquired a new position in shares of AB Ultra Short Income ETF in the first quarter valued at about $127,000. Colonial Trust Advisors grew its stake in shares of AB Ultra Short Income ETF by 59.7% in the fourth quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares in the last quarter. Rothschild Investment LLC grew its stake in shares of AB Ultra Short Income ETF by 25.2% in the fourth quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Sun Financial Inc bought a new stake in AB Ultra Short Income ETF during the fourth quarter worth about $254,000.

About AB Ultra Short Income ETF

(Get Free Report)

The Ab Ultra Short Income ETF (YEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed ETF that provides exposure to government and corporate ultra-short-term bonds from the United States. The fund seeks to maintain a dollar-weighted average duration of less than one year. YEAR was launched on Sep 14, 2022 and is managed by AB Funds.

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