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

by · The Markets Daily

AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 13,141 shares, a decrease of 87.3% from the August 31st total of 103,837 shares. Based on an average daily volume of 128,288 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are short sold.

AB Ultra Short Income ETF Trading Up 0.1%

NYSEARCA YEAR traded up $0.04 on Friday, reaching $50.09. 151,384 shares of the stock traded hands, compared to its average volume of 169,862. The company has a fifty day moving average price of $50.21 and a 200-day moving average price of $50.29. AB Ultra Short Income ETF has a 12 month low of $50.03 and a 12 month high of $50.73.

Institutional Trading of AB Ultra Short Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Wagner Wealth Management LLC purchased a new stake in AB Ultra Short Income ETF in the first quarter worth about $127,000. Rothschild Investment LLC raised its holdings in shares of AB Ultra Short Income ETF by 25.2% in the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after purchasing an additional 1,000 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of AB Ultra Short Income ETF in the 1st quarter valued at about $468,000. Next Level Private LLC lifted its position in shares of AB Ultra Short Income ETF by 45.5% in the 1st quarter. Next Level Private LLC now owns 10,122 shares of the company’s stock worth $511,000 after purchasing an additional 3,163 shares during the period. Finally, Independent Financial Group LLC purchased a new stake in shares of AB Ultra Short Income ETF in the 1st quarter worth approximately $588,000.

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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