AB Disruptors ETF (NYSEARCA:FWD) Sees Large Drop in Short Interest

AB Disruptors ETF (NYSEARCA:FWD) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 40,293 shares, a decrease of 78.3% from the April 15th total of 185,660 shares. Based on an average trading volume of 167,386 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

AB Disruptors ETF Stock Up 1.9%

Shares of FWD traded up $2.52 during mid-day trading on Wednesday, hitting $136.51. 143,487 shares of the company traded hands, compared to its average volume of 205,798. AB Disruptors ETF has a 1-year low of $79.24 and a 1-year high of $136.89. The company has a market capitalization of $2.57 billion, a PE ratio of 41.03 and a beta of 1.56. The business has a 50 day moving average of $118.18 and a 200 day moving average of $112.18.

Hedge Funds Weigh In On AB Disruptors ETF

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new position in shares of AB Disruptors ETF during the first quarter valued at about $27,000. Harbour Investments Inc. acquired a new position in shares of AB Disruptors ETF during the fourth quarter valued at about $48,000. Kestra Advisory Services LLC acquired a new position in shares of AB Disruptors ETF during the fourth quarter valued at about $110,000. Private Trust Co. NA increased its holdings in shares of AB Disruptors ETF by 19,500.0% during the fourth quarter. Private Trust Co. NA now owns 1,176 shares of the company’s stock valued at $123,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Royal Bank of Canada acquired a new position in shares of AB Disruptors ETF during the fourth quarter valued at about $128,000.

About AB Disruptors ETF

The AB Disruptors ETF (FWD) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed portfolio of high growth stocks of companies considered to lead or benefit from societal innovations. Holdings may be of any capitalization, sector, industry, and geography. FWD was launched on Mar 22, 2023 and is managed by AllianceBernstein.