Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Rises By 756.9%

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 103,837 shares, an increase of 756.9% from the August 15th total of 12,118 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 139,715 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On AB Ultra Short Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wagner Wealth Management LLC bought a new position in AB Ultra Short Income ETF during the 1st quarter valued at $127,000. Colonial Trust Advisors raised its stake in shares of AB Ultra Short Income ETF by 59.7% in the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock worth $135,000 after buying an additional 1,000 shares in the last quarter. Rothschild Investment LLC raised its stake in shares of AB Ultra Short Income ETF by 25.2% in the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after buying an additional 1,000 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of AB Ultra Short Income ETF by 55.7% in the fourth quarter. Cornerstone Wealth Management LLC now owns 7,867 shares of the company’s stock valued at $397,000 after buying an additional 2,814 shares during the period. Finally, Claro Advisors Inc. lifted its holdings in shares of AB Ultra Short Income ETF by 64.4% in the fourth quarter. Claro Advisors Inc. now owns 8,903 shares of the company’s stock valued at $449,000 after buying an additional 3,488 shares during the period.

AB Ultra Short Income ETF Stock Down 0.1%

Shares of YEAR stock traded down $0.03 during midday trading on Friday, reaching $50.07. 233,869 shares of the company were exchanged, compared to its average volume of 168,714. The company’s 50 day moving average price is $50.24 and its two-hundred day moving average price is $50.32. AB Ultra Short Income ETF has a 12 month low of $50.07 and a 12 month high of $50.73.

AB Ultra Short Income ETF Company Profile

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.