AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Significant Decrease in Short Interest

AB Ultra Short Income ETF (NYSEARCA:YEAR) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 52,242 shares, a decline of 67.1% from the May 31st total of 158,562 shares. Based on an average daily trading volume, of 146,613 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

AB Ultra Short Income ETF Price Performance

Shares of YEAR remained flat at $50.35 during trading hours on Monday. 126,794 shares of the company were exchanged, compared to its average volume of 176,422. The company’s 50 day moving average is $50.33 and its 200-day moving average is $50.44. AB Ultra Short Income ETF has a 1-year low of $50.21 and a 1-year high of $50.82.

Institutional Investors Weigh In On AB Ultra Short Income ETF

Several large investors have recently made changes to their positions in the stock. Comerica Bank raised its holdings in shares of AB Ultra Short Income ETF by 4.1% during the fourth quarter. Comerica Bank now owns 9,026 shares of the company’s stock worth $456,000 after acquiring an additional 353 shares during the period. USAdvisors Wealth Management LLC increased its holdings in 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 in the last quarter. Claro Advisors LLC increased its holdings in 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 in the last quarter. Encompass Wealth Advisors LLC raised its stake in shares of AB Ultra Short Income ETF by 4.8% in the 4th quarter. Encompass Wealth Advisors LLC now owns 13,596 shares of the company’s stock valued at $686,000 after purchasing an additional 623 shares during the period. Finally, Laraway Financial Advisors Inc lifted its holdings in shares of AB Ultra Short Income ETF by 9.4% in the third quarter. Laraway Financial Advisors Inc now owns 8,317 shares of the company’s stock valued at $421,000 after purchasing an additional 715 shares in the last quarter.

About AB Ultra Short Income ETF

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.