AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Up 94.0% in April

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,100 shares, an increase of 94.0% from the April 15th total of 1,598 shares. Based on an average trading volume of 5,972 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s shares are short sold.

AB US High Dividend ETF Stock Performance

AB US High Dividend ETF stock traded down $1.08 during trading on Friday, reaching $86.92. 7,088 shares of the company’s stock were exchanged, compared to its average volume of 13,155. AB US High Dividend ETF has a 52-week low of $68.84 and a 52-week high of $88.10. The firm has a market cap of $182.53 million, a price-to-earnings ratio of 17.91 and a beta of 0.96. The company’s 50-day moving average is $81.87 and its two-hundred day moving average is $81.42.

Institutional Investors Weigh In On AB US High Dividend ETF

Several hedge funds have recently modified their holdings of HIDV. Royal Bank of Canada purchased a new position in shares of AB US High Dividend ETF in the fourth quarter valued at $50,000. PNC Financial Services Group Inc. acquired a new position in AB US High Dividend ETF in the 3rd quarter worth $64,000. Osaic Holdings Inc. lifted its holdings in AB US High Dividend ETF by 34.3% in the 2nd quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after buying an additional 1,127 shares in the last quarter. JPMorgan Chase & Co. purchased a new position in AB US High Dividend ETF in the 3rd quarter valued at about $419,000. Finally, Kingsview Wealth Management LLC boosted its position in 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 buying an additional 3,998 shares during the last quarter.

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.