AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Down 75.5% in March

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,775 shares, a decrease of 75.5% from the February 26th total of 7,242 shares. Based on an average daily trading volume, of 21,183 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 21,183 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On AB US High Dividend ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. increased its holdings in shares of AB US High Dividend ETF by 129.0% during the 2nd quarter. Alliancebernstein L.P. now owns 712,917 shares of the company’s stock valued at $52,264,000 after purchasing an additional 401,645 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in AB US High Dividend ETF by 34.3% during the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after buying an additional 1,127 shares in the last quarter. Wagner Wealth Management LLC grew its position in AB US High Dividend ETF by 1.8% during the third quarter. Wagner Wealth Management LLC now owns 92,110 shares of the company’s stock valued at $7,271,000 after buying an additional 1,651 shares during the period. Envestnet Asset Management Inc. grew its position in AB US High Dividend ETF by 29.3% during the third quarter. Envestnet Asset Management Inc. now owns 33,117 shares of the company’s stock valued at $2,614,000 after buying an additional 7,501 shares during the period. Finally, PNC Financial Services Group Inc. purchased a new position in AB US High Dividend ETF in the third quarter valued at $64,000.

AB US High Dividend ETF Stock Performance

AB US High Dividend ETF stock traded up $0.46 during midday trading on Wednesday, hitting $78.03. 3,553 shares of the company were exchanged, compared to its average volume of 15,669. The business has a fifty day simple moving average of $81.72 and a two-hundred day simple moving average of $80.37. The firm has a market capitalization of $140.45 million, a PE ratio of 17.91 and a beta of 0.97. AB US High Dividend ETF has a fifty-two week low of $59.88 and a fifty-two week high of $84.25.

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.