AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Up 94.0% in April

AB US High Dividend ETF (NYSEARCA:HIDV) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 3,100 shares, an increase of 94.0% from the April 15th total of 1,598 shares. Based on an average trading volume of 5,972 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in HIDV. Alliancebernstein L.P. increased its holdings in AB US High Dividend ETF by 37.6% in the third quarter. Alliancebernstein L.P. now owns 981,306 shares of the company’s stock valued at $77,467,000 after buying an additional 268,389 shares in the last quarter. LPL Financial LLC boosted its stake in shares of AB US High Dividend ETF by 3.0% during the 4th quarter. LPL Financial LLC now owns 447,702 shares of the company’s stock worth $36,112,000 after acquiring an additional 13,201 shares in the last quarter. Wagner Wealth Management LLC grew its holdings in shares of AB US High Dividend ETF by 2.9% in the 1st quarter. Wagner Wealth Management LLC now owns 97,152 shares of the company’s stock worth $7,546,000 after acquiring an additional 2,773 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of AB US High Dividend ETF by 29.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 33,117 shares of the company’s stock worth $2,614,000 after acquiring an additional 7,501 shares during the period. Finally, Kingsview Wealth Management LLC increased its stake in AB US High Dividend ETF by 74.0% in the 4th quarter. Kingsview Wealth Management LLC now owns 9,403 shares of the company’s stock valued at $758,000 after purchasing an additional 3,998 shares in the last quarter.

AB US High Dividend ETF Price Performance

Shares of NYSEARCA HIDV traded down $1.08 during trading on Friday, hitting $86.92. 7,088 shares of the company were exchanged, compared to its average volume of 13,155. AB US High Dividend ETF has a 1 year low of $68.84 and a 1 year high of $88.10. The company has a market cap of $182.53 million, a price-to-earnings ratio of 17.91 and a beta of 0.96. The firm’s fifty day moving average price is $81.87 and its 200 day moving average price is $81.42.

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.