AB Ultra Short Income ETF (NYSEARCA:YEAR) Short Interest Down 33.4% in December

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totaling 20,490 shares, a decline of 33.4% from the November 30th total of 30,749 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 307,776 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 307,776 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. grew its position in AB Ultra Short Income ETF by 29.2% during the 2nd quarter. Osaic Holdings Inc. now owns 221,518 shares of the company’s stock valued at $11,225,000 after purchasing an additional 50,047 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of AB Ultra Short Income ETF in the second quarter worth approximately $902,000. Wedbush Securities Inc. bought a new position in shares of AB Ultra Short Income ETF in the second quarter worth approximately $17,840,000. Alliancebernstein L.P. grew its holdings in shares of AB Ultra Short Income ETF by 8.8% during the first quarter. Alliancebernstein L.P. now owns 13,824,125 shares of the company’s stock valued at $699,639,000 after buying an additional 1,118,093 shares during the last quarter. Finally, BOS Asset Management LLC increased its position in shares of AB Ultra Short Income ETF by 13.2% during the first quarter. BOS Asset Management LLC now owns 875,669 shares of the company’s stock valued at $44,318,000 after acquiring an additional 102,011 shares in the last quarter.

AB Ultra Short Income ETF Stock Up 0.0%

NYSEARCA YEAR traded up $0.01 during trading on Monday, hitting $50.68. The company had a trading volume of 114,647 shares, compared to its average volume of 216,706. The company’s fifty day moving average is $50.61 and its 200-day moving average is $50.58. AB Ultra Short Income ETF has a one year low of $50.10 and a one year high of $50.82.

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.