AB US High Dividend ETF (NYSEARCA:HIDV – Get Free Report) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,872 shares, a drop of 49.4% from the June 15th total of 3,700 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 4,682 shares, the days-to-cover ratio is currently 0.4 days.
Hedge Funds Weigh In On AB US High Dividend ETF
Several large investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors purchased a new stake in AB US High Dividend ETF during the 1st quarter worth $7,372,000. Wagner Wealth Management LLC lifted its stake in shares of AB US High Dividend ETF by 2.9% in the 1st quarter. Wagner Wealth Management LLC now owns 97,152 shares of the company’s stock worth $7,546,000 after acquiring an additional 2,773 shares during the period. Royal Bank of Canada bought a new stake in AB US High Dividend ETF in the fourth quarter worth about $50,000. LPL Financial LLC lifted its position in shares of AB US High Dividend ETF by 3.0% during the 4th quarter. LPL Financial LLC now owns 447,702 shares of the company’s stock valued at $36,112,000 after acquiring an additional 13,201 shares during the last quarter. Finally, Kingsview Wealth Management LLC increased its position in shares of AB US High Dividend ETF by 74.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock worth $758,000 after acquiring an additional 3,998 shares in the last quarter.
AB US High Dividend ETF Price Performance
Shares of HIDV remained flat at $90.19 during midday trading on Thursday. The stock had a trading volume of 6,802 shares, compared to its average volume of 14,070. The company has a 50-day moving average price of $88.28 and a 200-day moving average price of $84.06. The firm has a market capitalization of $216.46 million, a price-to-earnings ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a fifty-two week low of $73.86 and a fifty-two week high of $90.51.
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.
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