Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Grows By 94.0%
by Doug Wharley · The Cerbat GemAB US High Dividend ETF (NYSEARCA:HIDV – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 3,100 shares, an increase of 94.0% from the April 15th total of 1,598 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 5,972 shares, the days-to-cover ratio is presently 0.5 days.
AB US High Dividend ETF Price Performance
HIDV stock traded down $0.03 during trading on Monday, reaching $86.89. 6,592 shares of the company were exchanged, compared to its average volume of 13,084. The company has a 50-day moving average of $81.98 and a two-hundred day moving average of $81.48. The company has a market capitalization of $182.47 million, a price-to-earnings ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a twelve month low of $68.84 and a twelve month high of $88.10.
Institutional Investors Weigh In On AB US High Dividend ETF
A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada bought a new stake in AB US High Dividend ETF during the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. bought a new stake in shares of AB US High Dividend ETF in the 3rd quarter valued at $64,000. Osaic Holdings Inc. boosted its stake in shares of AB US High Dividend ETF by 34.3% in the 2nd quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock valued at $323,000 after purchasing an additional 1,127 shares during the last quarter. Wagner Wealth Management LLC boosted its stake in shares of AB US High Dividend ETF by 2.5% in the 4th quarter. Wagner Wealth Management LLC now owns 94,379 shares of the company’s stock valued at $7,613,000 after purchasing an additional 2,269 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in shares of AB US High Dividend ETF by 74.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock valued at $758,000 after purchasing an additional 3,998 shares during the last quarter.
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.