AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Up 496.0% in February

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 7,242 shares, an increase of 496.0% from the February 12th total of 1,215 shares. Based on an average daily volume of 12,960 shares, the short-interest ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are sold short. Approximately 0.4% of the company’s shares are sold short. Based on an average daily volume of 12,960 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On AB US High Dividend ETF

Several institutional investors and hedge funds have recently modified their holdings of HIDV. Royal Bank of Canada acquired a new position in shares of AB US High Dividend ETF during the 4th quarter worth about $50,000. PNC Financial Services Group Inc. acquired a new position in shares of AB US High Dividend ETF during the 3rd quarter worth approximately $64,000. Osaic Holdings Inc. raised its position in AB US High Dividend ETF by 34.3% during the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after acquiring an additional 1,127 shares in the last quarter. Wagner Wealth Management LLC raised its holdings in shares of AB US High Dividend ETF by 1.8% in the 3rd quarter. Wagner Wealth Management LLC now owns 92,110 shares of the company’s stock valued at $7,271,000 after purchasing an additional 1,651 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in AB US High Dividend ETF by 74.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock valued at $758,000 after buying an additional 3,998 shares during the period.

AB US High Dividend ETF Price Performance

Shares of AB US High Dividend ETF stock traded down $0.02 during trading on Tuesday, hitting $80.63. 25,056 shares of the company were exchanged, compared to its average volume of 17,799. The firm’s fifty day moving average price is $82.27 and its 200 day moving average price is $80.30. AB US High Dividend ETF has a 1-year low of $59.88 and a 1-year high of $84.25. The firm has a market capitalization of $145.13 million, a P/E ratio of 17.91 and a beta of 0.97.

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.