Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Rises By 112.2%

AB Ultra Short Income ETF (NYSEARCA:YEAR) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 28,230 shares, an increase of 112.2% from the January 29th total of 13,303 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 249,476 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 249,476 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

AB Ultra Short Income ETF Stock Performance

AB Ultra Short Income ETF stock traded up $0.03 during mid-day trading on Friday, hitting $50.64. The company’s stock had a trading volume of 30,019 shares, compared to its average volume of 203,615. The business has a 50 day moving average price of $50.56 and a 200-day moving average price of $50.59. AB Ultra Short Income ETF has a 12 month low of $50.36 and a 12 month high of $50.82.

AB Ultra Short Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.1709 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, February 2nd.

Hedge Funds Weigh In On AB Ultra Short Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its stake in shares of AB Ultra Short Income ETF by 29.2% during the second quarter. Osaic Holdings Inc. now owns 221,518 shares of the company’s stock valued at $11,225,000 after acquiring an additional 50,047 shares during the last quarter. Cetera Investment Advisers bought a new stake in shares of AB Ultra Short Income ETF in the second quarter worth about $902,000. Greenwood Capital Associates LLC purchased a new position in AB Ultra Short Income ETF during the 3rd quarter valued at about $501,000. BOS Asset Management LLC increased its holdings in AB Ultra Short Income ETF by 8.6% during the 3rd quarter. BOS Asset Management LLC now owns 900,406 shares of the company’s stock valued at $45,628,000 after purchasing an additional 71,540 shares during the period. Finally, Good Life Advisors LLC raised its position in AB Ultra Short Income ETF by 12.9% during the 2nd quarter. Good Life Advisors LLC now owns 32,590 shares of the company’s stock valued at $1,651,000 after purchasing an additional 3,736 shares during the last quarter.

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.