AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Down 21.5% in April

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 1,598 shares, a decline of 21.5% from the March 31st total of 2,035 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 20,997 shares, the days-to-cover ratio is currently 0.1 days.

AB US High Dividend ETF Stock Up 0.9%

NYSEARCA HIDV traded up $0.72 during trading on Thursday, reaching $84.87. 940 shares of the stock traded hands, compared to its average volume of 14,378. The firm has a market cap of $178.23 million, a price-to-earnings ratio of 17.91 and a beta of 0.96. The stock’s 50-day moving average price is $81.02 and its 200 day moving average price is $80.83. AB US High Dividend ETF has a fifty-two week low of $67.33 and a fifty-two week high of $85.29.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HIDV. Alliancebernstein L.P. lifted its stake in AB US High Dividend ETF by 129.0% in the second quarter. Alliancebernstein L.P. now owns 712,917 shares of the company’s stock valued at $52,264,000 after buying an additional 401,645 shares in the last quarter. Osaic Holdings Inc. lifted its stake in 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 valued at $323,000 after buying an additional 1,127 shares in the last quarter. Wagner Wealth Management LLC lifted its stake in AB US High Dividend ETF by 1.8% in 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 in the last quarter. Envestnet Asset Management Inc. lifted its stake in AB US High Dividend ETF by 29.3% in 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 in the last quarter. Finally, PNC Financial Services Group Inc. bought a new position in AB US High Dividend ETF in the third quarter valued at approximately $64,000.

About AB US High Dividend ETF

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.