Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Declines By 69.8%

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 15,502 shares, a decline of 69.8% from the December 31st total of 51,357 shares. Based on an average trading volume of 214,031 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 214,031 shares, the short-interest ratio is presently 0.1 days.

AB Ultra Short Income ETF Stock Performance

Shares of AB Ultra Short Income ETF stock traded up $0.01 during trading hours on Thursday, reaching $50.59. The stock had a trading volume of 245,628 shares, compared to its average volume of 201,596. AB Ultra Short Income ETF has a 1 year low of $50.10 and a 1 year high of $50.82. The firm has a 50 day simple moving average of $50.58 and a two-hundred day simple moving average of $50.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. N.E.W. Advisory Services LLC acquired a new position in shares of AB Ultra Short Income ETF during the 4th quarter valued at $73,000. Colonial Trust Advisors purchased a new position in AB Ultra Short Income ETF in the second quarter valued at about $85,000. Rothschild Investment LLC lifted its stake in shares of AB Ultra Short Income ETF by 256.0% during the second quarter. Rothschild Investment LLC now owns 4,450 shares of the company’s stock worth $225,000 after purchasing an additional 3,200 shares in the last quarter. Claro Advisors LLC purchased a new stake in shares of AB Ultra Short Income ETF in the second quarter worth about $243,000. Finally, Next Level Private LLC purchased a new stake in shares of AB Ultra Short Income ETF in the fourth quarter worth about $351,000.

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.