Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Declines By 98.8%

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the target of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 1,791 shares, a decline of 98.8% from the February 26th total of 152,182 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 176,972 shares, the short-interest ratio is presently 0.0 days.

AB Ultra Short Income ETF Price Performance

NYSEARCA YEAR traded down $0.03 during mid-day trading on Thursday, reaching $50.38. The stock had a trading volume of 93,507 shares, compared to its average volume of 190,266. AB Ultra Short Income ETF has a 1 year low of $50.36 and a 1 year high of $50.82. The company has a fifty day moving average price of $50.51 and a 200 day moving average price of $50.57.

AB Ultra Short Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1653 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%.

Institutional Trading of AB Ultra Short Income ETF

A number of large investors have recently made changes to their positions in the stock. N.E.W. Advisory Services LLC bought a new position in AB Ultra Short Income ETF during the fourth quarter valued at approximately $73,000. Colonial Trust Advisors purchased a new stake in AB Ultra Short Income ETF during the 2nd quarter valued at $85,000. Rothschild Investment LLC lifted its holdings in shares of AB Ultra Short Income ETF by 25.2% during the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after buying an additional 1,000 shares during the period. Sun Financial Inc purchased a new position in shares of AB Ultra Short Income ETF in the 4th quarter worth $254,000. Finally, Centerpoint Advisory Group purchased a new position in shares of AB Ultra Short Income ETF in the 4th quarter worth $254,000.

About AB Ultra Short Income ETF

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.