Short Interest in AB US High Dividend ETF (NYSEARCA:HIDV) Rises By 94.0%

AB US High Dividend ETF (NYSEARCA:HIDV) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,100 shares, an increase of 94.0% from the April 15th total of 1,598 shares. Based on an average daily volume of 5,972 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the company are sold short.

AB US High Dividend ETF Stock Down 0.0%

NYSEARCA HIDV opened at $86.89 on Tuesday. The stock has a market cap of $182.47 million, a P/E ratio of 17.91 and a beta of 0.96. The company’s 50-day simple moving average is $81.98 and its 200 day simple moving average is $81.48. AB US High Dividend ETF has a twelve month low of $68.84 and a twelve month high of $88.10.

Institutional Trading of AB US High Dividend ETF

Large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in AB US High Dividend ETF by 29.3% during the third quarter. Envestnet Asset Management Inc. now owns 33,117 shares of the company’s stock worth $2,614,000 after buying an additional 7,501 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in AB US High Dividend ETF in the third quarter valued at approximately $419,000. Wagner Wealth Management LLC lifted its holdings in AB US High Dividend ETF by 2.9% in the first quarter. Wagner Wealth Management LLC now owns 97,152 shares of the company’s stock valued at $7,546,000 after buying an additional 2,773 shares during the period. LPL Financial LLC lifted its holdings in AB US High Dividend ETF by 3.0% in the fourth quarter. LPL Financial LLC now owns 447,702 shares of the company’s stock valued at $36,112,000 after buying an additional 13,201 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in AB US High Dividend ETF by 129.0% in the second quarter. Alliancebernstein L.P. now owns 712,917 shares of the company’s stock valued at $52,264,000 after buying an additional 401,645 shares during the period.

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.