Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Drops By 85.2%

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 12,118 shares, a drop of 85.2% from the July 30th total of 81,606 shares. Based on an average trading volume of 148,658 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

AB Ultra Short Income ETF Trading Down 0.0%

Shares of YEAR traded down $0.01 during mid-day trading on Thursday, reaching $50.32. The company’s stock had a trading volume of 102,537 shares, compared to its average volume of 171,587. AB Ultra Short Income ETF has a 52 week low of $50.16 and a 52 week high of $50.78. The company’s fifty day moving average price is $50.27 and its two-hundred day moving average price is $50.35.

Institutional Trading of AB Ultra Short Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of YEAR. PMG Wealth Management Inc. lifted its position 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 worth $4,715,000 after acquiring an additional 11,286 shares during the period. Welch Financial Planning LLC purchased a new position in shares of AB Ultra Short Income ETF during the fourth quarter worth $1,307,000. Truist Financial Corp increased its holdings in AB Ultra Short Income ETF by 15.1% during the 4th quarter. Truist Financial Corp now owns 250,926 shares of the company’s stock worth $12,667,000 after purchasing an additional 32,990 shares during the period. Global Retirement Partners LLC purchased a new stake in AB Ultra Short Income ETF during the fourth quarter worth approximately $3,067,000. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of AB Ultra Short Income ETF by 58.1% in the 4th quarter. Concurrent Investment Advisors LLC now owns 30,024 shares of the company’s stock valued at $1,516,000 after acquiring an additional 11,037 shares during the period.

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.