AB Ultra Short Income ETF (NYSEARCA:YEAR) Short Interest Up 351.2% in July

AB Ultra Short Income ETF (NYSEARCA:YEAR) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 81,606 shares, a growth of 351.2% from the July 15th total of 18,086 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 148,866 shares, the short-interest ratio is currently 0.5 days.

AB Ultra Short Income ETF Price Performance

AB Ultra Short Income ETF stock traded up $0.04 during midday trading on Thursday, reaching $50.28. 39,234 shares of the stock traded hands, compared to its average volume of 174,233. AB Ultra Short Income ETF has a 12 month low of $50.16 and a 12 month high of $50.78. The stock’s fifty day moving average is $50.26 and its 200-day moving average is $50.37.

Institutional Investors Weigh In On AB Ultra Short Income ETF

Several large investors have recently bought and sold shares of YEAR. Raymond James Financial Inc. raised its stake in AB Ultra Short Income ETF by 9.7% during the second quarter. Raymond James Financial Inc. now owns 506,870 shares of the company’s stock valued at $25,678,000 after purchasing an additional 44,660 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of AB Ultra Short Income ETF by 7.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 195,178 shares of the company’s stock worth $9,888,000 after buying an additional 13,986 shares during the last quarter. Equitable Holdings Inc. increased its holdings in shares of AB Ultra Short Income ETF by 42.5% in the 3rd quarter. Equitable Holdings Inc. now owns 17,951 shares of the company’s stock worth $910,000 after buying an additional 5,357 shares during the last quarter. Citadel Advisors LLC raised its position in shares of AB Ultra Short Income ETF by 140.4% during the 3rd quarter. Citadel Advisors LLC now owns 88,974 shares of the company’s stock valued at $4,509,000 after buying an additional 51,967 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of AB Ultra Short Income ETF by 21.1% during the 3rd quarter. NewEdge Advisors LLC now owns 42,419 shares of the company’s stock valued at $2,150,000 after buying an additional 7,396 shares in the last quarter.

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.