AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 103,837 shares, an increase of 756.9% from the August 15th total of 12,118 shares. Based on an average trading volume of 139,715 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are short sold.
Hedge Funds Weigh In On AB Ultra Short Income ETF
Several hedge funds have recently added to or reduced their stakes in YEAR. Wagner Wealth Management LLC purchased a new stake in shares of AB Ultra Short Income ETF during the 1st quarter worth approximately $127,000. Colonial Trust Advisors grew its position in shares of AB Ultra Short Income ETF by 59.7% in the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after buying an additional 1,000 shares during the last quarter. Rothschild Investment LLC raised its stake in AB Ultra Short Income ETF by 25.2% during the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after acquiring an additional 1,000 shares in the last quarter. Cornerstone Wealth Management LLC raised its stake in AB Ultra Short Income ETF by 55.7% during the 4th quarter. Cornerstone Wealth Management LLC now owns 7,867 shares of the company’s stock worth $397,000 after acquiring an additional 2,814 shares in the last quarter. Finally, Claro Advisors Inc. lifted its position in AB Ultra Short Income ETF by 64.4% in the fourth quarter. Claro Advisors Inc. now owns 8,903 shares of the company’s stock valued at $449,000 after acquiring an additional 3,488 shares during the last quarter.
AB Ultra Short Income ETF Price Performance
Shares of NYSEARCA YEAR opened at $50.10 on Friday. AB Ultra Short Income ETF has a fifty-two week low of $50.09 and a fifty-two week high of $50.73. The stock’s 50-day simple moving average is $50.24 and its 200-day simple moving average is $50.33.
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.
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