Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Declines By 78.7%

by · The Cerbat Gem

AB US High Dividend ETF (NYSEARCA:HIDV – Get Free Report) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 1,033 shares, a drop of 78.7% from the December 15th total of 4,857 shares. Based on an average daily trading volume, of 3,797 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 3,797 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Laraway Financial Advisors Inc raised its stake in AB US High Dividend ETF by 7.0% in the second quarter. Laraway Financial Advisors Inc now owns 3,101 shares of the company’s stock valued at $227,000 after purchasing an additional 203 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of AB US High Dividend ETF in the 3rd quarter worth $64,000. Osaic Holdings Inc. raised its position 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 valued at $323,000 after buying an additional 1,127 shares in the last quarter. Wagner Wealth Management LLC raised its position 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 valued at $7,271,000 after buying an additional 1,651 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of AB US High Dividend ETF during the 3rd quarter worth $419,000.

AB US High Dividend ETF Stock Performance

AB US High Dividend ETF stock traded down $0.47 during midday trading on Tuesday, hitting $81.77. 191,665 shares of the company’s stock were exchanged, compared to its average volume of 48,306. The company has a market cap of $139.00 million, a P/E ratio of 17.91 and a beta of 0.97. The stock has a 50-day moving average price of $80.28 and a two-hundred day moving average price of $78.25. AB US High Dividend ETF has a 52-week low of $59.88 and a 52-week high of $82.29.

AB US High Dividend ETF Company Profile

(Get Free Report)

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.

Further Reading