Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Rises By 513.6%

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 1,215 shares, an increase of 513.6% from the January 29th total of 198 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 2,590 shares, the days-to-cover ratio is presently 0.5 days. Based on an average daily volume of 2,590 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the company’s shares are sold short.

AB US High Dividend ETF Stock Performance

Shares of AB US High Dividend ETF stock traded up $0.47 on Wednesday, reaching $83.46. The company had a trading volume of 31,120 shares, compared to its average volume of 15,109. The firm has a market cap of $150.23 million, a PE ratio of 17.91 and a beta of 0.97. The firm’s 50 day moving average price is $82.19 and its two-hundred day moving average price is $79.97. AB US High Dividend ETF has a 52-week low of $59.88 and a 52-week high of $84.25.

Institutional Trading of AB US High Dividend ETF

Several hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its stake in shares of AB US High Dividend ETF by 129.0% in the 2nd quarter. Alliancebernstein L.P. now owns 712,917 shares of the company’s stock valued at $52,264,000 after buying an additional 401,645 shares during the period. Envestnet Asset Management Inc. acquired a new stake in AB US High Dividend ETF in the second quarter valued at approximately $1,878,000. LPL Financial LLC lifted its stake in AB US High Dividend ETF by 3.0% in the fourth quarter. LPL Financial LLC now owns 447,702 shares of the company’s stock worth $36,112,000 after acquiring an additional 13,201 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in AB US High Dividend ETF during the 3rd quarter worth approximately $419,000. Finally, Kingsview Wealth Management LLC increased its position 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.

AB US High Dividend ETF Company Profile

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.