Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Decreases By 33.4%

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 20,490 shares, a decline of 33.4% from the November 30th total of 30,749 shares. Based on an average daily volume of 307,776 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 307,776 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Investors Weigh In On AB Ultra Short Income ETF

A number of large investors have recently added to or reduced their stakes in YEAR. PMG Wealth Management Inc. grew its position in AB Ultra Short Income ETF by 0.4% during the third quarter. PMG Wealth Management Inc. now owns 77,553 shares of the company’s stock valued at $3,919,000 after buying an additional 304 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in AB Ultra Short Income ETF by 2.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 15,198 shares of the company’s stock valued at $770,000 after purchasing an additional 327 shares in the last quarter. USAdvisors Wealth Management LLC grew its holdings in AB Ultra Short Income ETF by 1.6% during the third quarter. USAdvisors Wealth Management LLC now owns 26,461 shares of the company’s stock valued at $1,340,000 after purchasing an additional 427 shares during the period. Leavell Investment Management Inc. increased its position in AB Ultra Short Income ETF by 5.0% in the third quarter. Leavell Investment Management Inc. now owns 9,794 shares of the company’s stock worth $496,000 after buying an additional 464 shares in the last quarter. Finally, Claro Advisors LLC lifted its position in shares of AB Ultra Short Income ETF by 12.7% during the 3rd quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock valued at $274,000 after buying an additional 611 shares in the last quarter.

AB Ultra Short Income ETF Trading Up 0.0%

Shares of AB Ultra Short Income ETF stock traded up $0.03 during trading on Tuesday, hitting $50.70. 200,003 shares of the company’s stock traded hands, compared to its average volume of 216,439. AB Ultra Short Income ETF has a 1 year low of $50.10 and a 1 year high of $50.82. The business has a 50-day simple moving average of $50.61 and a 200-day simple moving average of $50.59.

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.