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 significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 70 shares, a drop of 97.7% from the August 31st total of 3,066 shares. Based on an average trading volume of 9,603 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Institutional Trading of AB US High Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Wagner Wealth Management LLC lifted its holdings in shares of AB US High Dividend ETF by 2.9% during the 1st quarter. Wagner Wealth Management LLC now owns 97,152 shares of the company’s stock valued at $7,546,000 after acquiring an additional 2,773 shares in the last quarter. Arkadios Wealth Advisors purchased a new stake in shares of AB US High Dividend ETF in the first quarter worth about $7,372,000. Kingsview Wealth Management LLC grew its stake in shares of AB US High Dividend ETF by 74.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock valued at $758,000 after buying an additional 3,998 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of AB US High Dividend ETF during the 2nd quarter valued at about $412,000.

AB US High Dividend ETF Trading Down 0.4%

NYSEARCA:HIDV traded down $0.33 on Thursday, hitting $89.58. 4,405 shares of the stock were exchanged, compared to its average volume of 12,095. The stock has a market cap of $197.08 million, a PE ratio of 17.91 and a beta of 0.95. The stock has a fifty day moving average of $91.47 and a 200-day moving average of $87.29. AB US High Dividend ETF has a fifty-two week low of $75.31 and a fifty-two week high of $93.53.

About AB US High Dividend ETF

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.