AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 13,141 shares, a decline of 87.3% from the August 31st total of 103,837 shares. Based on an average daily trading volume, of 128,288 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of YEAR. Kensington Asset Management LLC grew its position in AB Ultra Short Income ETF by 39.6% in the first quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock worth $36,332,000 after buying an additional 204,197 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of AB Ultra Short Income ETF by 344.0% during the 1st quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock worth $11,887,000 after acquiring an additional 182,456 shares in the last quarter. Citadel Advisors LLC bought a new stake in shares of AB Ultra Short Income ETF during the 2nd quarter worth $2,146,000. D.A. Davidson & CO. grew its holdings in shares of AB Ultra Short Income ETF by 16.0% in the 1st quarter. D.A. Davidson & CO. now owns 278,824 shares of the company’s stock worth $14,074,000 after acquiring an additional 38,378 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its holdings in shares of AB Ultra Short Income ETF by 101.7% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 54,582 shares of the company’s stock worth $2,748,000 after acquiring an additional 27,526 shares during the last quarter.
AB Ultra Short Income ETF Price Performance
Shares of AB Ultra Short Income ETF stock traded up $0.03 during trading hours on Friday, hitting $50.08. The company’s stock had a trading volume of 31,448 shares, compared to its average volume of 169,169. The business has a fifty day moving average of $50.21 and a 200 day moving average of $50.29. AB Ultra Short Income ETF has a 1-year low of $50.03 and a 1-year high of $50.73.
About AB Ultra Short Income ETF
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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