AB US High Dividend ETF (NYSEARCA:HIDV) Sees Significant Growth in Short Interest

AB US High Dividend ETF (NYSEARCA:HIDV) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 4,857 shares, a growth of 562.6% from the November 30th total of 733 shares. Based on an average trading volume of 2,619 shares, the short-interest ratio is presently 1.9 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 2,619 shares, the short-interest ratio is presently 1.9 days.

Hedge Funds Weigh In On AB US High Dividend ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in AB US High Dividend ETF during the 3rd quarter valued at $64,000. Laraway Financial Advisors Inc lifted its stake in AB US High Dividend ETF by 7.0% in the 2nd quarter. Laraway Financial Advisors Inc now owns 3,101 shares of the company’s stock worth $227,000 after acquiring an additional 203 shares in the last quarter. Osaic Holdings Inc. grew its position in AB US High Dividend ETF by 34.3% during the second 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 in the last quarter. JPMorgan Chase & Co. acquired a new position in shares of AB US High Dividend ETF in the third quarter worth $419,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of AB US High Dividend ETF during the 2nd quarter worth about $1,878,000.

AB US High Dividend ETF Stock Up 0.4%

Shares of NYSEARCA HIDV traded up $0.33 during mid-day trading on Thursday, hitting $81.54. 1,576 shares of the company traded hands, compared to its average volume of 7,877. The business has a 50 day moving average of $79.67 and a two-hundred day moving average of $77.32. The stock has a market capitalization of $130.46 million, a price-to-earnings ratio of 17.91 and a beta of 0.97. AB US High Dividend ETF has a 1 year low of $59.88 and a 1 year high of $81.63.

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.