AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Large Drop in Short Interest

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 16,666 shares, a drop of 68.1% from the June 15th total of 52,242 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 136,212 shares, the days-to-cover ratio is currently 0.1 days.

AB Ultra Short Income ETF Price Performance

YEAR remained flat at $50.23 during trading on Friday. 56,678 shares of the company’s stock were exchanged, compared to its average volume of 179,251. AB Ultra Short Income ETF has a 52-week low of $50.17 and a 52-week high of $50.82. The stock has a 50 day moving average price of $50.30 and a two-hundred day moving average price of $50.42.

Hedge Funds Weigh In On AB Ultra Short Income ETF

Hedge funds have recently modified their holdings of the business. Comerica Bank increased its position in shares of AB Ultra Short Income ETF by 4.1% during the fourth quarter. Comerica Bank now owns 9,026 shares of the company’s stock worth $456,000 after buying an additional 353 shares during the period. Encompass Wealth Advisors LLC lifted its holdings in AB Ultra Short Income ETF by 4.8% in the fourth quarter. Encompass Wealth Advisors LLC now owns 13,596 shares of the company’s stock valued at $686,000 after buying an additional 623 shares during the period. Laraway Financial Advisors Inc lifted its holdings in AB Ultra Short Income ETF by 9.4% in the third quarter. Laraway Financial Advisors Inc now owns 8,317 shares of the company’s stock valued at $421,000 after buying an additional 715 shares during the period. Legacy Wealth Advisors LLC boosted its position in AB Ultra Short Income ETF by 1.0% during the first quarter. Legacy Wealth Advisors LLC now owns 77,283 shares of the company’s stock valued at $3,901,000 after acquiring an additional 760 shares during the last quarter. Finally, Rothschild Investment LLC boosted its position in AB Ultra Short Income ETF by 25.2% during the fourth quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after acquiring an additional 1,000 shares during the last quarter.

AB Ultra Short Income ETF Company Profile

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.