AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Significant Drop in Short Interest

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the target of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 16,666 shares, a decline of 68.1% from the June 15th total of 52,242 shares. Based on an average trading volume of 136,212 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the company are sold short.

AB Ultra Short Income ETF Price Performance

Shares of NYSEARCA:YEAR remained flat at $50.23 during trading on Monday. The company’s stock had a trading volume of 10,686 shares, compared to its average volume of 177,927. AB Ultra Short Income ETF has a 12-month low of $50.17 and a 12-month high of $50.82. The firm’s 50-day moving average is $50.30 and its 200 day moving average is $50.42.

Institutional Trading of AB Ultra Short Income ETF

A number of institutional investors have recently added to or reduced their stakes in YEAR. Raymond James Financial Inc. boosted its stake in AB Ultra Short Income ETF by 9.7% in the 2nd quarter. Raymond James Financial Inc. now owns 506,870 shares of the company’s stock worth $25,678,000 after purchasing an additional 44,660 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of AB Ultra Short Income ETF by 7.7% during the second quarter. Ausdal Financial Partners Inc. now owns 195,178 shares of the company’s stock valued at $9,888,000 after buying an additional 13,986 shares during the period. Equitable Holdings Inc. lifted its holdings in shares of AB Ultra Short Income ETF by 42.5% in the third quarter. Equitable Holdings Inc. now owns 17,951 shares of the company’s stock worth $910,000 after buying an additional 5,357 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of AB Ultra Short Income ETF by 140.4% in the third quarter. Citadel Advisors LLC now owns 88,974 shares of the company’s stock worth $4,509,000 after buying an additional 51,967 shares in the last quarter. Finally, Laraway Financial Advisors Inc boosted its position in shares of AB Ultra Short Income ETF by 9.4% in the third quarter. Laraway Financial Advisors Inc now owns 8,317 shares of the company’s stock valued at $421,000 after acquiring an additional 715 shares during the period.

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.