AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Update

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,911 shares, a drop of 59.6% from the May 14th total of 4,733 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 6,448 shares, the days-to-cover ratio is currently 0.3 days.

AB US High Dividend ETF Price Performance

NYSEARCA HIDV traded up $0.47 on Friday, reaching $88.81. The company had a trading volume of 4,651 shares, compared to its average volume of 15,315. The firm has a market capitalization of $186.50 million, a PE ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a 1 year low of $70.84 and a 1 year high of $89.90. The firm has a 50-day moving average of $85.77 and a 200-day moving average of $82.77.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HIDV. Royal Bank of Canada acquired a new stake in AB US High Dividend ETF during the 4th quarter valued at $50,000. PNC Financial Services Group Inc. purchased a new stake in shares of AB US High Dividend ETF during the third quarter worth about $64,000. Osaic Holdings Inc. lifted its stake in shares of AB US High Dividend ETF by 34.3% in the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after acquiring an additional 1,127 shares in the last quarter. Wagner Wealth Management LLC lifted its stake in shares of AB US High Dividend ETF by 2.5% in the fourth quarter. Wagner Wealth Management LLC now owns 94,379 shares of the company’s stock worth $7,613,000 after acquiring an additional 2,269 shares in the last quarter. Finally, Kingsview Wealth Management LLC boosted its holdings in AB US High Dividend ETF by 74.0% in the fourth 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 during the last quarter.

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.