AB Ultra Short Income ETF (NYSEARCA:YEAR) Short Interest Update

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

Institutional Trading of AB Ultra Short Income ETF

Several large investors have recently modified their holdings of YEAR. PMG Wealth Management Inc. boosted its stake in AB Ultra Short Income ETF by 13.7% during the 1st quarter. PMG Wealth Management Inc. now owns 93,710 shares of the company’s stock valued at $4,715,000 after acquiring an additional 11,286 shares during the last quarter. Welch Financial Planning LLC bought a new stake in shares of AB Ultra Short Income ETF in the 4th quarter worth about $1,307,000. Truist Financial Corp raised its stake in shares of AB Ultra Short Income ETF by 15.1% in the 4th quarter. Truist Financial Corp now owns 250,926 shares of the company’s stock valued at $12,667,000 after purchasing an additional 32,990 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of AB Ultra Short Income ETF during the fourth quarter worth about $3,067,000. Finally, Concurrent Investment Advisors LLC lifted its position in shares of AB Ultra Short Income ETF by 58.1% during the fourth quarter. Concurrent Investment Advisors LLC now owns 30,024 shares of the company’s stock worth $1,516,000 after purchasing an additional 11,037 shares during the last quarter.

AB Ultra Short Income ETF Price Performance

Shares of YEAR stock traded up $0.02 on Wednesday, hitting $50.26. The stock had a trading volume of 2,657 shares, compared to its average volume of 174,939. The stock’s 50 day moving average is $50.26 and its 200-day moving average is $50.37. AB Ultra Short Income ETF has a 52-week low of $50.16 and a 52-week high of $50.78.

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.