AB US High Dividend ETF (NYSEARCA:HIDV) Sees Large Growth in Short Interest

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 4,857 shares, an increase of 562.6% from the November 30th total of 733 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 2,619 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 2,619 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.3% of the company’s shares are short sold.

Hedge Funds Weigh In On AB US High Dividend ETF

Large investors have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its position in AB US High Dividend ETF by 129.0% during the second quarter. Alliancebernstein L.P. now owns 712,917 shares of the company’s stock valued at $52,264,000 after purchasing an additional 401,645 shares during the period. Envestnet Asset Management Inc. purchased a new position in shares of AB US High Dividend ETF in the 2nd quarter worth $1,878,000. JPMorgan Chase & Co. bought a new stake in shares of AB US High Dividend ETF in the third quarter worth $419,000. Wagner Wealth Management LLC increased its position in AB US High Dividend ETF by 4.3% during the second quarter. Wagner Wealth Management LLC now owns 90,459 shares of the company’s stock valued at $6,632,000 after acquiring an additional 3,738 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in AB US High Dividend ETF by 34.3% in the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock valued at $323,000 after acquiring an additional 1,127 shares during the period.

AB US High Dividend ETF Stock Performance

Shares of NYSEARCA HIDV traded up $0.33 during mid-day trading on Friday, hitting $81.54. 1,576 shares of the stock traded hands, compared to its average volume of 7,877. The stock has a fifty day moving average price of $79.75 and a 200-day moving average price of $77.35. The company has a market cap of $130.46 million, a price-to-earnings ratio of 17.91 and a beta of 0.97. AB US High Dividend ETF has a 52 week low of $59.88 and a 52 week high of $81.63.

AB US High Dividend ETF Company Profile

The AB US High Dividend ETF (HIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying companies. Selection is based on a proprietary systemic approach of large- and mid-cap US stocks. HIDV was launched on Mar 22, 2023 and is managed by AllianceBernstein.