AB US High Dividend ETF (NYSEARCA:HIDV) Sees Large Decline in Short Interest

AB US High Dividend ETF (NYSEARCA:HIDV) was the recipient of a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 1,872 shares, a decline of 49.4% from the June 15th total of 3,700 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 4,682 shares, the short-interest ratio is presently 0.4 days.

AB US High Dividend ETF Trading Down 0.6%

AB US High Dividend ETF stock traded down $0.52 during trading on Friday, reaching $89.67. The company had a trading volume of 6,408 shares, compared to its average volume of 14,013. The firm has a market capitalization of $215.21 million, a price-to-earnings ratio of 17.91 and a beta of 0.96. The firm’s 50-day simple moving average is $88.28 and its 200 day simple moving average is $84.06. AB US High Dividend ETF has a 52 week low of $73.86 and a 52 week high of $90.51.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada purchased a new position in shares of AB US High Dividend ETF during the 4th quarter valued at about $50,000. Osaic Holdings Inc. raised its stake in AB US High Dividend ETF by 34.3% during the 2nd quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after acquiring an additional 1,127 shares during the period. JPMorgan Chase & Co. bought a new stake in AB US High Dividend ETF during the 3rd quarter worth approximately $419,000. Kingsview Wealth Management LLC lifted its holdings in 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 valued at $758,000 after purchasing an additional 3,998 shares in the last quarter. Finally, Wagner Wealth Management LLC lifted its holdings in AB US High Dividend ETF by 2.5% during the fourth quarter. Wagner Wealth Management LLC now owns 94,379 shares of the company’s stock valued at $7,613,000 after purchasing an additional 2,269 shares in the last quarter.

AB US High Dividend ETF Company Profile

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.