Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Declines By 85.2%

AB Ultra Short Income ETF (NYSEARCA:YEAR) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 12,118 shares, a drop of 85.2% from the July 30th total of 81,606 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 148,658 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Comerica Bank grew its stake in shares of AB Ultra Short Income ETF by 4.1% in the fourth quarter. Comerica Bank now owns 9,026 shares of the company’s stock valued at $456,000 after buying an additional 353 shares in the last quarter. Legacy Wealth Advisors LLC raised 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 worth $3,901,000 after acquiring an additional 760 shares in the last quarter. Rothschild Investment LLC lifted its stake in AB Ultra Short Income ETF by 25.2% in 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. Colonial Trust Advisors lifted its stake in AB Ultra Short Income ETF by 59.7% in the fourth quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its position in shares of AB Ultra Short Income ETF by 2.5% in the 1st quarter. Sanctuary Advisors LLC now owns 47,691 shares of the company’s stock valued at $2,407,000 after acquiring an additional 1,183 shares during the period.

AB Ultra Short Income ETF Price Performance

Shares of YEAR stock traded down $0.01 on Wednesday, hitting $50.33. The stock had a trading volume of 44,296 shares, compared to its average volume of 171,545. AB Ultra Short Income ETF has a twelve month low of $50.16 and a twelve month high of $50.78. The company has a fifty day moving average price of $50.27 and a two-hundred day moving average price of $50.35.

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.