AB Ultra Short Income ETF (NYSEARCA:YEAR) Stock Short Interest Drops 87.3%

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 13,141 shares, a drop of 87.3% from the August 31st total of 103,837 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average daily volume of 128,288 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of AB Ultra Short Income ETF

A number of hedge funds have recently modified their holdings of YEAR. Kensington Asset Management LLC grew its holdings in shares of AB Ultra Short Income ETF by 39.6% during the first quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock valued at $36,332,000 after buying an additional 204,197 shares in the last quarter. IHT Wealth Management LLC boosted its position in AB Ultra Short Income ETF by 2.1% during the 4th quarter. IHT Wealth Management LLC now owns 421,433 shares of the company’s stock worth $21,274,000 after acquiring an additional 8,714 shares during the period. Private Advisor Group LLC boosted its position in AB Ultra Short Income ETF by 2.8% during the 1st quarter. Private Advisor Group LLC now owns 310,368 shares of the company’s stock worth $15,666,000 after acquiring an additional 8,340 shares during the period. D.A. Davidson & CO. grew its stake in AB Ultra Short Income ETF by 16.0% during the 1st quarter. D.A. Davidson & CO. now owns 278,824 shares of the company’s stock valued at $14,074,000 after acquiring an additional 38,378 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of AB Ultra Short Income ETF by 344.0% in the 1st quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock valued at $11,887,000 after purchasing an additional 182,456 shares during the period.

AB Ultra Short Income ETF Price Performance

YEAR stock traded up $0.03 during mid-day trading on Friday, reaching $50.08. 31,448 shares of the stock traded hands, compared to its average volume of 169,169. AB Ultra Short Income ETF has a 52-week low of $50.03 and a 52-week high of $50.73. The stock’s fifty day moving average is $50.21 and its 200-day moving average is $50.29.

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.