Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Drops By 49.4%

AB US High Dividend ETF (NYSEARCA:HIDV) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,872 shares, a decrease of 49.4% from the June 15th total of 3,700 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 4,682 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its holdings in shares of AB US High Dividend ETF by 3.0% during the 4th quarter. LPL Financial LLC now owns 447,702 shares of the company’s stock valued at $36,112,000 after acquiring an additional 13,201 shares during the last quarter. Alliancebernstein L.P. boosted its stake in AB US High Dividend ETF by 37.6% in the 3rd quarter. Alliancebernstein L.P. now owns 981,306 shares of the company’s stock valued at $77,467,000 after buying an additional 268,389 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in AB US High Dividend ETF during the third quarter worth about $419,000. Osaic Holdings Inc. grew its holdings in shares of 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 purchasing an additional 1,127 shares during the last quarter. Finally, Arkadios Wealth Advisors bought a new position in AB US High Dividend ETF in the 1st quarter worth approximately $7,372,000.

AB US High Dividend ETF Price Performance

Shares of NYSEARCA HIDV traded up $0.59 during midday trading on Wednesday, hitting $90.12. 8,772 shares of the company’s stock were exchanged, compared to its average volume of 14,097. The firm has a market cap of $216.29 million, a P/E ratio of 17.91 and a beta of 0.96. The stock’s 50 day moving average price is $88.15 and its 200-day moving average price is $83.94. AB US High Dividend ETF has a twelve month low of $73.86 and a twelve month high of $90.19.

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.