Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Declines By 85.2%

AB Ultra Short Income ETF (NYSEARCA:YEAR) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 12,118 shares, a drop of 85.2% from the July 30th total of 81,606 shares. Based on an average daily volume of 148,658 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of AB Ultra Short Income ETF

Institutional investors have recently added to or reduced their stakes in the stock. Concurrent Investment Advisors LLC boosted its position in shares of AB Ultra Short Income ETF by 101.7% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 54,582 shares of the company’s stock valued at $2,748,000 after purchasing an additional 27,526 shares in the last quarter. Cooper Financial Group lifted its holdings in shares of AB Ultra Short Income ETF by 11.4% in the 2nd quarter. Cooper Financial Group now owns 72,257 shares of the company’s stock worth $3,637,000 after purchasing an additional 7,405 shares in the last quarter. Kensington Asset Management LLC raised its holdings in AB Ultra Short Income ETF by 39.6% during the first quarter. Kensington Asset Management LLC now owns 719,794 shares of the company’s stock worth $36,332,000 after buying an additional 204,197 shares during the last quarter. Bank of America Corp DE increased its position in shares of AB Ultra Short Income ETF by 344.0% during the first quarter. Bank of America Corp DE now owns 235,501 shares of the company’s stock worth $11,887,000 after acquiring an additional 182,456 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in AB Ultra Short Income ETF in the 1st quarter valued at about $739,000.

AB Ultra Short Income ETF Stock Down 0.1%

YEAR stock traded down $0.05 during midday trading on Friday, reaching $50.29. The company had a trading volume of 141,069 shares, compared to its average volume of 171,587. AB Ultra Short Income ETF has a 1-year low of $50.16 and a 1-year high of $50.78. The stock has a 50 day moving average price of $50.27 and a 200-day moving average price of $50.35.

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.