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

AB US High Dividend ETF (NYSEARCA:HIDV) saw a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 1,033 shares, a decrease of 78.7% from the December 15th total of 4,857 shares. Based on an average trading volume of 3,797 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 3,797 shares, the short-interest ratio is presently 0.3 days.

AB US High Dividend ETF Stock Performance

HIDV traded down $0.47 during midday trading on Tuesday, reaching $81.77. 191,665 shares of the company were exchanged, compared to its average volume of 48,306. The company has a market cap of $139.00 million, a price-to-earnings ratio of 17.91 and a beta of 0.97. AB US High Dividend ETF has a one year low of $59.88 and a one year high of $82.29. The company’s fifty day moving average price is $80.28 and its 200 day moving average price is $78.25.

Institutional Investors Weigh In On AB US High Dividend ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. purchased a new position in AB US High Dividend ETF during the 3rd quarter worth $64,000. Laraway Financial Advisors Inc lifted its position in shares of AB US High Dividend ETF by 7.0% during the second quarter. Laraway Financial Advisors Inc now owns 3,101 shares of the company’s stock valued at $227,000 after purchasing an additional 203 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in AB US High Dividend ETF by 34.3% during the second quarter. Osaic Holdings Inc. now owns 4,408 shares of the company’s stock worth $323,000 after purchasing an additional 1,127 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in AB US High Dividend ETF in the 3rd quarter worth about $419,000. Finally, Envestnet Asset Management Inc. bought a new stake in AB US High Dividend ETF in the 2nd quarter worth about $1,878,000.

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.