AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Unusually-High Trading Volume – Here’s Why

AB Ultra Short Income ETF (NYSEARCA:YEARGet Free Report) saw unusually-strong trading volume on Wednesday . Approximately 688,853 shares changed hands during mid-day trading, an increase of 239% from the previous session’s volume of 203,391 shares.The stock last traded at $50.35 and had previously closed at $50.35.

AB Ultra Short Income ETF Price Performance

The company’s 50 day moving average is $50.47 and its 200 day moving average is $50.55.

AB Ultra Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1653 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, March 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. N.E.W. Advisory Services LLC bought a new position in AB Ultra Short Income ETF during the 4th quarter worth about $73,000. Colonial Trust Advisors grew its holdings in AB Ultra Short Income ETF by 59.7% during the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock worth $135,000 after acquiring an additional 1,000 shares in the last quarter. Rothschild Investment LLC grew its holdings in AB Ultra Short Income ETF by 25.2% during the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after acquiring an additional 1,000 shares in the last quarter. Sun Financial Inc bought a new position in AB Ultra Short Income ETF during the 4th quarter worth about $254,000. Finally, Centerpoint Advisory Group bought a new position in AB Ultra Short Income ETF during the 4th quarter worth about $254,000.

AB Ultra Short Income ETF Company Profile

(Get Free Report)

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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