Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Rises By 513.6%

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,215 shares, a growth of 513.6% from the January 29th total of 198 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,590 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 2,590 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On AB US High Dividend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada purchased a new stake in shares of AB US High Dividend ETF in the 4th quarter valued at approximately $50,000. LPL Financial LLC lifted 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 valued at $36,112,000 after purchasing an additional 13,201 shares in the last quarter. Kingsview Wealth Management LLC boosted its position 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 during the period. Wagner Wealth Management LLC boosted its position in shares of AB US High Dividend ETF by 2.5% in the fourth quarter. Wagner Wealth Management LLC now owns 94,379 shares of the company’s stock worth $7,613,000 after buying an additional 2,269 shares during the period. Finally, JPMorgan Chase & Co. purchased a new position in shares of AB US High Dividend ETF during the third quarter valued at $419,000.

AB US High Dividend ETF Stock Performance

Shares of HIDV stock traded down $0.73 during mid-day trading on Friday, hitting $82.36. 9,152 shares of the stock traded hands, compared to its average volume of 16,327. AB US High Dividend ETF has a twelve month low of $59.88 and a twelve month high of $84.25. The company’s 50-day simple moving average is $82.28 and its 200-day simple moving average is $80.04. The firm has a market cap of $148.25 million, a price-to-earnings ratio of 17.91 and a beta of 0.97.

About AB US High Dividend ETF

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.