Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Declines By 49.4%

AB US High Dividend ETF (NYSEARCA:HIDVGet Free Report) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,872 shares, a decrease of 49.4% from the June 15th total of 3,700 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 4,682 shares, the short-interest ratio is currently 0.4 days.

AB US High Dividend ETF Trading Up 0.7%

AB US High Dividend ETF stock traded up $0.59 during trading hours on Wednesday, hitting $90.12. 8,772 shares of the stock traded hands, compared to its average volume of 14,097. The firm’s 50-day moving average price is $88.15 and its two-hundred day moving average price is $83.94. The company has a market cap of $216.29 million, a PE ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a one year low of $73.86 and a one year high of $90.19.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada purchased a new stake in AB US High Dividend ETF in the 4th quarter worth $50,000. Osaic Holdings Inc. raised its position in AB US High Dividend ETF by 34.3% during the 2nd 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. bought a new position in AB US High Dividend ETF in the third quarter worth approximately $419,000. Kingsview Wealth Management LLC grew 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 worth $758,000 after buying an additional 3,998 shares during the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of AB US High Dividend ETF during the first quarter worth about $7,372,000.

AB US High Dividend ETF Company Profile

(Get Free Report)

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.

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