AB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 52,242 shares, a drop of 67.1% from the May 31st total of 158,562 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 146,613 shares, the short-interest ratio is currently 0.4 days.
AB Ultra Short Income ETF Price Performance
Shares of YEAR traded up $0.02 during trading hours on Friday, reaching $50.35. 117,034 shares of the company traded hands, compared to its average volume of 177,117. AB Ultra Short Income ETF has a 12-month low of $50.21 and a 12-month high of $50.82. The business has a fifty day moving average price of $50.33 and a 200-day moving average price of $50.44.
Institutional Trading of AB Ultra Short Income ETF
Several large investors have recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new position in shares of AB Ultra Short Income ETF in the fourth quarter worth about $73,000. Wagner Wealth Management LLC acquired a new position in AB Ultra Short Income ETF in the 1st quarter worth approximately $127,000. Colonial Trust Advisors increased its holdings in 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 worth $135,000 after buying an additional 1,000 shares during the period. Rothschild Investment LLC increased its holdings in AB Ultra Short Income ETF by 25.2% in the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock worth $251,000 after buying an additional 1,000 shares during the period. Finally, Sun Financial Inc purchased a new position in AB Ultra Short Income ETF during the 4th quarter worth approximately $254,000.
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.
Recommended Stories
- Five stocks we like better than AB Ultra Short Income ETF
- As Stablecoins Keep Growing, These 2 Stocks Benefit
- Apple Just Handed These 4 Memory Stocks Their Best News of the Year
- Costco’s Secret Growth Engine May Be Running Out of Gas
- Why Alphabet’s Pullback May Be an Opportunity in Disguise
Receive News & Ratings for AB Ultra Short Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AB Ultra Short Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
