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

by · The Markets Daily

AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 103,837 shares, a growth of 756.9% from the August 15th total of 12,118 shares. Based on an average daily volume of 139,715 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On AB Ultra Short Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. increased its position in AB Ultra Short Income ETF by 71.6% in the 3rd quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock valued at $44,085,000 after acquiring an additional 363,083 shares during the period. Kensington Asset Management LLC lifted its position in AB Ultra Short Income ETF by 39.6% during the 1st quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock worth $36,332,000 after acquiring an additional 204,197 shares during the period. Bank of America Corp DE lifted its position in AB Ultra Short Income ETF by 344.0% during the 1st quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock worth $11,887,000 after acquiring an additional 182,456 shares during the period. Wells Fargo & Company MN lifted its position in AB Ultra Short Income ETF by 27.3% during the 4th quarter. Wells Fargo & Company MN now owns 746,404 shares of the company’s stock worth $37,678,000 after acquiring an additional 159,927 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of AB Ultra Short Income ETF by 151.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 191,791 shares of the company’s stock valued at $9,682,000 after purchasing an additional 115,406 shares during the last quarter.

AB Ultra Short Income ETF Price Performance

Shares of NYSEARCA YEAR opened at $50.10 on Friday. AB Ultra Short Income ETF has a 52-week low of $50.09 and a 52-week high of $50.73. The business has a 50-day moving average price of $50.24 and a 200 day moving average price of $50.33.

AB Ultra Short Income ETF Company Profile

(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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