Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Increases By 70.0%

AB US High Dividend ETF (NYSEARCA:HIDV) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,182 shares, an increase of 70.0% from the June 30th total of 1,872 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average trading volume of 11,339 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in HIDV. Alliancebernstein L.P. lifted its position in shares of AB US High Dividend ETF by 37.6% during the 3rd quarter. Alliancebernstein L.P. now owns 981,306 shares of the company’s stock worth $77,467,000 after buying an additional 268,389 shares in the last quarter. LPL Financial LLC grew its stake in shares of AB US High Dividend ETF by 3.0% during the 4th quarter. LPL Financial LLC now owns 447,702 shares of the company’s stock worth $36,112,000 after acquiring an additional 13,201 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of AB US High Dividend ETF in the third quarter worth about $419,000. Osaic Holdings Inc. raised its holdings in AB US High Dividend ETF by 34.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock valued at $323,000 after acquiring an additional 1,127 shares during the period. Finally, Royal Bank of Canada bought a new stake in shares of AB US High Dividend ETF during the 4th quarter valued at $50,000.

AB US High Dividend ETF Stock Performance

NYSEARCA:HIDV opened at $89.68 on Friday. The firm has a market cap of $206.26 million, a P/E ratio of 17.91 and a beta of 0.96. The firm’s fifty day moving average is $88.74 and its 200-day moving average is $84.64. AB US High Dividend ETF has a 52 week low of $73.86 and a 52 week high of $90.53.

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.