AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Update

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 3,700 shares, a growth of 93.6% from the May 31st total of 1,911 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 39,927 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On AB US High Dividend ETF

A number of institutional investors have recently modified their holdings of HIDV. Royal Bank of Canada acquired a new position in AB US High Dividend ETF during the 4th quarter worth about $50,000. PNC Financial Services Group Inc. purchased a new stake in AB US High Dividend ETF during the third quarter worth about $64,000. Osaic Holdings Inc. increased its stake in AB US High Dividend ETF by 34.3% during the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after purchasing an additional 1,127 shares during the period. JPMorgan Chase & Co. purchased a new stake in AB US High Dividend ETF during the third quarter worth about $419,000. Finally, Kingsview Wealth Management LLC lifted its position in shares of AB US High Dividend ETF by 74.0% during the fourth quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock worth $758,000 after purchasing an additional 3,998 shares in the last quarter.

AB US High Dividend ETF Stock Performance

AB US High Dividend ETF stock remained flat at $88.05 during trading on Friday. 42,162 shares of the company traded hands, compared to its average volume of 14,471. The stock has a market cap of $202.51 million, a PE ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a 12-month low of $73.86 and a 12-month high of $90.00. The company has a fifty day simple moving average of $87.54 and a 200 day simple moving average of $83.49.

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.