Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Increases By 351.2%

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

Institutional Investors Weigh In On AB Ultra Short Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of YEAR. N.E.W. Advisory Services LLC bought a new position in AB Ultra Short Income ETF in the fourth quarter worth about $73,000. Wagner Wealth Management LLC bought a new stake in shares of AB Ultra Short Income ETF in the 1st quarter worth approximately $127,000. Colonial Trust Advisors lifted its holdings in shares of AB Ultra Short Income ETF by 59.7% in the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock worth $135,000 after purchasing an additional 1,000 shares during the last quarter. Rothschild Investment LLC boosted its position in AB Ultra Short Income ETF by 25.2% during the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after purchasing an additional 1,000 shares during the period. Finally, Centerpoint Advisory Group bought a new position in AB Ultra Short Income ETF during the 4th quarter worth $254,000.

AB Ultra Short Income ETF Stock Performance

Shares of YEAR stock traded up $0.02 on Wednesday, hitting $50.26. 2,657 shares of the stock traded hands, compared to its average volume of 174,939. The company’s fifty day moving average is $50.26 and its 200 day moving average is $50.37. AB Ultra Short Income ETF has a 1-year low of $50.16 and a 1-year high of $50.78.

About AB Ultra Short Income ETF

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.