Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Rises By 279.1%

AB Ultra Short Income ETF (NYSEARCA:YEAR) saw a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 158,562 shares, a growth of 279.1% from the May 14th total of 41,821 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 133,349 shares, the days-to-cover ratio is currently 1.2 days.

AB Ultra Short Income ETF Stock Down 0.0%

YEAR traded down $0.02 during midday trading on Friday, hitting $50.28. The company’s stock had a trading volume of 62,714 shares, compared to its average volume of 181,309. The firm has a 50-day moving average price of $50.35 and a two-hundred day moving average price of $50.47. AB Ultra Short Income ETF has a 52-week low of $50.21 and a 52-week high of $50.82.

Institutional Trading of AB Ultra Short Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Comerica Bank grew its holdings in shares of AB Ultra Short Income ETF by 4.1% during the 4th quarter. Comerica Bank now owns 9,026 shares of the company’s stock worth $456,000 after purchasing an additional 353 shares during the period. USAdvisors Wealth Management LLC grew its holdings in shares of AB Ultra Short Income ETF by 1.6% during the 3rd quarter. USAdvisors Wealth Management LLC now owns 26,461 shares of the company’s stock worth $1,340,000 after purchasing an additional 427 shares during the period. Claro Advisors LLC grew its holdings in shares of AB Ultra Short Income ETF by 12.7% during the 3rd quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock worth $274,000 after purchasing an additional 611 shares during the period. Encompass Wealth Advisors LLC grew its holdings in shares of AB Ultra Short Income ETF by 4.8% during the 4th quarter. Encompass Wealth Advisors LLC now owns 13,596 shares of the company’s stock worth $686,000 after purchasing an additional 623 shares during the period. Finally, Laraway Financial Advisors Inc grew its holdings in shares of AB Ultra Short Income ETF by 9.4% during the 3rd quarter. Laraway Financial Advisors Inc now owns 8,317 shares of the company’s stock worth $421,000 after purchasing an additional 715 shares during the period.

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.