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

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 530 shares, a decline of 48.7% from the December 31st total of 1,033 shares. Based on an average trading volume of 39,511 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 39,511 shares, the days-to-cover ratio is presently 0.0 days.

AB US High Dividend ETF Stock Performance

Shares of HIDV opened at $82.59 on Friday. AB US High Dividend ETF has a one year low of $59.88 and a one year high of $83.18. The stock has a 50-day moving average price of $81.28 and a 200 day moving average price of $79.00. The company has a market capitalization of $148.66 million, a P/E ratio of 17.91 and a beta of 0.97.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new stake in shares of AB US High Dividend ETF in the 3rd quarter worth about $64,000. Laraway Financial Advisors Inc increased its holdings in AB US High Dividend ETF by 7.0% in the second quarter. Laraway Financial Advisors Inc now owns 3,101 shares of the company’s stock valued at $227,000 after buying an additional 203 shares during the last quarter. Osaic Holdings Inc. increased its holdings in AB US High Dividend ETF by 34.3% in the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock valued at $323,000 after buying an additional 1,127 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in AB US High Dividend ETF during the third quarter valued at approximately $419,000. Finally, Envestnet Asset Management Inc. bought a new position in AB US High Dividend ETF during the 2nd quarter worth approximately $1,878,000.

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.