AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Up 93.6% in June

AB US High Dividend ETF (NYSEARCA:HIDV) saw a large increase in short interest in June. As of June 15th, there was short interest totaling 3,700 shares, an increase of 93.6% from the May 31st total of 1,911 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average daily volume of 39,927 shares, the days-to-cover ratio is currently 0.1 days.

AB US High Dividend ETF Stock Performance

Shares of NYSEARCA HIDV traded down $0.07 during mid-day trading on Wednesday, reaching $88.52. The company had a trading volume of 713 shares, compared to its average volume of 14,245. The firm has a market cap of $185.89 million, a price-to-earnings ratio of 17.91 and a beta of 0.96. The business’s 50-day simple moving average is $87.39 and its 200 day simple moving average is $83.39. AB US High Dividend ETF has a one year low of $73.86 and a one year high of $90.00.

Hedge Funds Weigh In On AB US High Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada acquired a new stake in shares of AB US High Dividend ETF during the 4th quarter worth approximately $50,000. PNC Financial Services Group Inc. acquired a new position in AB US High Dividend ETF during the third quarter valued at approximately $64,000. Osaic Holdings Inc. lifted its stake 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 purchasing an additional 1,127 shares during the last quarter. Wagner Wealth Management LLC boosted its holdings in shares of AB US High Dividend ETF by 2.5% in the 4th quarter. Wagner Wealth Management LLC now owns 94,379 shares of the company’s stock valued at $7,613,000 after purchasing an additional 2,269 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in shares of AB US High Dividend ETF by 74.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock valued at $758,000 after purchasing an additional 3,998 shares in the last quarter.

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.