AB Ultra Short Income ETF (NYSEARCA:YEAR) Short Interest Update

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 158,562 shares, a growth of 279.1% from the May 14th total of 41,821 shares. Based on an average daily trading volume, of 133,349 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Trading of AB Ultra Short Income ETF

Several hedge funds have recently added to or reduced their stakes in YEAR. Comerica Bank grew its stake in AB Ultra Short Income ETF by 4.1% during the fourth quarter. Comerica Bank now owns 9,026 shares of the company’s stock valued at $456,000 after acquiring an additional 353 shares in the last quarter. USAdvisors Wealth Management LLC raised its holdings in AB Ultra Short Income ETF by 1.6% during the 3rd quarter. USAdvisors Wealth Management LLC now owns 26,461 shares of the company’s stock valued at $1,340,000 after buying an additional 427 shares during the last quarter. Claro Advisors LLC raised its holdings in AB Ultra Short Income ETF by 12.7% in the 3rd quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock worth $274,000 after purchasing an additional 611 shares in the last quarter. Encompass Wealth Advisors LLC raised its holdings in AB Ultra Short Income ETF by 4.8% in the 4th quarter. Encompass Wealth Advisors LLC now owns 13,596 shares of the company’s stock worth $686,000 after purchasing an additional 623 shares in the last quarter. Finally, Laraway Financial Advisors Inc grew its position in shares of AB Ultra Short Income ETF by 9.4% in the 3rd quarter. Laraway Financial Advisors Inc now owns 8,317 shares of the company’s stock worth $421,000 after buying an additional 715 shares during the period.

AB Ultra Short Income ETF Stock Up 0.1%

Shares of YEAR traded up $0.06 during trading hours on Thursday, reaching $50.30. 61,362 shares of the stock traded hands, compared to its average volume of 182,378. The stock has a fifty day simple moving average of $50.35 and a 200 day simple moving average of $50.47. AB Ultra Short Income ETF has a 52 week low of $50.21 and a 52 week high of $50.82.

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.