AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Large Drop in Short Interest

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the target of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 16,666 shares, a decrease of 68.1% from the June 15th total of 52,242 shares. Based on an average daily trading volume, of 136,212 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold.

AB Ultra Short Income ETF Stock Performance

NYSEARCA:YEAR remained flat at $50.23 on Friday. The company’s stock had a trading volume of 56,678 shares, compared to its average volume of 179,251. AB Ultra Short Income ETF has a 1-year low of $50.17 and a 1-year high of $50.82. The company’s 50 day moving average price is $50.30 and its two-hundred day moving average price is $50.42.

Hedge Funds Weigh In On AB Ultra Short Income ETF

A number of large investors have recently modified their holdings of the company. Raymond James Financial Inc. increased its stake in AB Ultra Short Income ETF by 9.7% during the 2nd quarter. Raymond James Financial Inc. now owns 506,870 shares of the company’s stock valued at $25,678,000 after purchasing an additional 44,660 shares in the last quarter. Ausdal Financial Partners Inc. lifted its stake in shares of AB Ultra Short Income ETF by 7.7% in the second quarter. Ausdal Financial Partners Inc. now owns 195,178 shares of the company’s stock valued at $9,888,000 after buying an additional 13,986 shares in the last quarter. Equitable Holdings Inc. grew its holdings in shares of AB Ultra Short Income ETF by 42.5% during the third quarter. Equitable Holdings Inc. now owns 17,951 shares of the company’s stock valued at $910,000 after buying an additional 5,357 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of AB Ultra Short Income ETF by 140.4% during the third quarter. Citadel Advisors LLC now owns 88,974 shares of the company’s stock valued at $4,509,000 after buying an additional 51,967 shares during the last quarter. Finally, Laraway Financial Advisors Inc increased its position in shares of AB Ultra Short Income ETF by 9.4% during the third quarter. Laraway Financial Advisors Inc now owns 8,317 shares of the company’s stock worth $421,000 after acquiring an additional 715 shares in the last quarter.

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.