Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Declines By 75.5%

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,775 shares, a decrease of 75.5% from the February 26th total of 7,242 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 21,183 shares, the days-to-cover ratio is presently 0.1 days.

AB US High Dividend ETF Price Performance

Shares of HIDV traded down $1.13 during mid-day trading on Friday, reaching $75.74. 1,649 shares of the company’s stock were exchanged, compared to its average volume of 15,242. The business’s fifty day simple moving average is $81.41 and its 200-day simple moving average is $80.31. The stock has a market capitalization of $136.33 million, a PE ratio of 17.91 and a beta of 0.97. AB US High Dividend ETF has a 52-week low of $59.88 and a 52-week high of $84.25.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Royal Bank of Canada acquired a new stake in shares of AB US High Dividend ETF during the fourth quarter worth about $50,000. PNC Financial Services Group Inc. acquired a new position in AB US High Dividend ETF in the 3rd quarter valued at about $64,000. Osaic Holdings Inc. increased its position in AB US High Dividend ETF by 34.3% in the 2nd quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock valued at $323,000 after acquiring an additional 1,127 shares during the period. Wagner Wealth Management LLC raised its stake in AB US High Dividend ETF by 1.8% during the 3rd quarter. Wagner Wealth Management LLC now owns 92,110 shares of the company’s stock valued at $7,271,000 after acquiring an additional 1,651 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its stake in AB US High Dividend ETF by 74.0% during the 4th quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock valued at $758,000 after acquiring an additional 3,998 shares during the last quarter.

About AB US High Dividend ETF

The AB US High Dividend ETF (HIDV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed fund of high dividend-paying companies. Selection is based on a proprietary systemic approach of large- and mid-cap US stocks. HIDV was launched on Mar 22, 2023 and is managed by AllianceBernstein.