AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Large Growth in Short Interest

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 81,606 shares, an increase of 351.2% from the July 15th total of 18,086 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 148,866 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On AB Ultra Short Income ETF

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. lifted its stake in AB Ultra Short Income ETF by 71.6% in the third quarter. Raymond James Financial Inc. now owns 869,953 shares of the company’s stock worth $44,085,000 after acquiring an additional 363,083 shares during the period. Wells Fargo & Company MN increased its position in AB Ultra Short Income ETF by 27.3% during the 4th quarter. Wells Fargo & Company MN now owns 746,404 shares of the company’s stock valued at $37,678,000 after purchasing an additional 159,927 shares during the period. Kensington Asset Management LLC raised its holdings in shares of AB Ultra Short Income ETF by 39.6% in the 1st quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock valued at $36,332,000 after purchasing an additional 204,197 shares in the last quarter. IHT Wealth Management LLC boosted its stake in shares of AB Ultra Short Income ETF by 2.1% during the fourth quarter. IHT Wealth Management LLC now owns 421,433 shares of the company’s stock valued at $21,274,000 after purchasing an additional 8,714 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in AB Ultra Short Income ETF by 2.8% during the first quarter. Private Advisor Group LLC now owns 310,368 shares of the company’s stock valued at $15,666,000 after buying an additional 8,340 shares during the period.

AB Ultra Short Income ETF Stock Up 0.0%

Shares of NYSEARCA:YEAR traded up $0.01 on Friday, hitting $50.29. 25,811 shares of the company’s stock were exchanged, compared to its average volume of 173,267. AB Ultra Short Income ETF has a 12 month low of $50.16 and a 12 month high of $50.78. The business’s 50 day simple moving average is $50.26 and its two-hundred day simple moving average is $50.37.

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.