AB US High Dividend ETF (NYSEARCA:HIDV) Shares Shorted: Short Interest Down 97.7% in September

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 70 shares, a drop of 97.7% from the August 31st total of 3,066 shares. Based on an average daily volume of 9,603 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

AB US High Dividend ETF Stock Performance

AB US High Dividend ETF stock traded up $0.38 during trading hours on Friday, reaching $89.96. 1,594 shares of the stock were exchanged, compared to its average volume of 12,037. The stock has a market cap of $197.91 million, a P/E ratio of 17.91 and a beta of 0.95. AB US High Dividend ETF has a 52-week low of $75.31 and a 52-week high of $93.53. The firm’s 50 day moving average is $91.47 and its 200 day moving average is $87.29.

Hedge Funds Weigh In On AB US High Dividend ETF

A number of large investors have recently modified their holdings of the business. Wagner Wealth Management LLC boosted its stake in shares of AB US High Dividend ETF by 2.9% in the first quarter. Wagner Wealth Management LLC now owns 97,152 shares of the company’s stock valued at $7,546,000 after buying an additional 2,773 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in shares of AB US High Dividend ETF during the 1st quarter worth $7,372,000. Kingsview Wealth Management LLC increased 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. Finally, Citadel Advisors LLC purchased a new position in shares of AB US High Dividend ETF in the 2nd quarter valued at about $412,000.

AB US High Dividend ETF Company Profile

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.