Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Declines By 59.6%

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,911 shares, a decrease of 59.6% from the May 14th total of 4,733 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 6,448 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On AB US High Dividend ETF

A number of hedge funds have recently bought and sold shares of the company. Arkadios Wealth Advisors purchased a new position in AB US High Dividend ETF during the first quarter worth about $7,372,000. Wagner Wealth Management LLC increased its stake in shares of AB US High Dividend ETF by 2.9% in the 1st quarter. Wagner Wealth Management LLC now owns 97,152 shares of the company’s stock worth $7,546,000 after acquiring an additional 2,773 shares in the last quarter. Royal Bank of Canada purchased a new stake in shares of AB US High Dividend ETF during the 4th quarter valued at about $50,000. LPL Financial LLC boosted its holdings in shares of AB US High Dividend ETF by 3.0% in the fourth quarter. LPL Financial LLC now owns 447,702 shares of the company’s stock worth $36,112,000 after buying an additional 13,201 shares during the last quarter. Finally, Kingsview Wealth Management LLC lifted its holdings in shares of 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 worth $758,000 after buying an additional 3,998 shares in the last quarter.

AB US High Dividend ETF Stock Up 0.5%

Shares of HIDV stock traded up $0.47 on Friday, reaching $88.81. The stock had a trading volume of 4,651 shares, compared to its average volume of 15,315. The firm has a market capitalization of $186.50 million, a price-to-earnings ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a 12 month low of $70.84 and a 12 month high of $89.90. The firm’s 50-day moving average is $85.77 and its two-hundred day moving average is $82.77.

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.