AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Update

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a significant drop in short interest in January. As of January 15th, there was short interest totaling 530 shares, a drop of 48.7% from the December 31st total of 1,033 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 39,511 shares, the days-to-cover ratio is currently 0.0 days. Based on an average trading volume of 39,511 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

AB US High Dividend ETF Trading Down 0.2%

NYSEARCA HIDV traded down $0.17 during trading on Friday, hitting $82.59. 1,298 shares of the company traded hands, compared to its average volume of 24,755. The company has a market capitalization of $148.66 million, a P/E ratio of 17.91 and a beta of 0.97. The business has a fifty day simple moving average of $81.28 and a 200 day simple moving average of $78.96. AB US High Dividend ETF has a 12 month low of $59.88 and a 12 month high of $83.18.

Institutional Trading of AB US High Dividend ETF

A number of institutional investors and hedge funds have recently modified their holdings of HIDV. Alliancebernstein L.P. grew its position in AB US High Dividend ETF by 37.6% in the third quarter. Alliancebernstein L.P. now owns 981,306 shares of the company’s stock valued at $77,467,000 after acquiring an additional 268,389 shares during the period. Wagner Wealth Management LLC raised its position in AB US High Dividend ETF by 2.5% in the 4th quarter. Wagner Wealth Management LLC now owns 94,379 shares of the company’s stock worth $7,613,000 after purchasing an additional 2,269 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of AB US High Dividend ETF by 29.3% during the third quarter. Envestnet Asset Management Inc. now owns 33,117 shares of the company’s stock valued at $2,614,000 after acquiring an additional 7,501 shares during the period. JPMorgan Chase & Co. acquired a new position in AB US High Dividend ETF during the 3rd quarter valued at about $419,000. 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 buying an additional 1,127 shares during the period.

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.