AB Ultra Short Income ETF (NYSEARCA:YEAR) Short Interest Down 67.1% in June

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 52,242 shares, a decrease of 67.1% from the May 31st total of 158,562 shares. Based on an average daily trading volume, of 146,613 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short.

Hedge Funds Weigh In On AB Ultra Short Income ETF

Several institutional investors and hedge funds have recently modified their holdings of YEAR. Comerica Bank raised its holdings in AB Ultra Short Income ETF by 4.1% in the 4th quarter. Comerica Bank now owns 9,026 shares of the company’s stock worth $456,000 after purchasing an additional 353 shares during the period. USAdvisors Wealth Management LLC grew its holdings in AB Ultra Short Income ETF by 1.6% in the third quarter. USAdvisors Wealth Management LLC now owns 26,461 shares of the company’s stock valued at $1,340,000 after purchasing an additional 427 shares during the period. Claro Advisors LLC increased its position in shares of AB Ultra Short Income ETF by 12.7% in the third quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock valued at $274,000 after buying an additional 611 shares in the last quarter. Encompass Wealth Advisors LLC increased its position in shares of AB Ultra Short Income ETF by 4.8% in the fourth quarter. Encompass Wealth Advisors LLC now owns 13,596 shares of the company’s stock valued at $686,000 after buying an additional 623 shares in the last quarter. Finally, Laraway Financial Advisors Inc raised its stake in shares of AB Ultra Short Income ETF by 9.4% during the 3rd quarter. Laraway Financial Advisors Inc now owns 8,317 shares of the company’s stock worth $421,000 after buying an additional 715 shares during the period.

AB Ultra Short Income ETF Stock Up 0.0%

YEAR traded up $0.02 on Friday, reaching $50.35. The stock had a trading volume of 117,034 shares, compared to its average volume of 177,117. AB Ultra Short Income ETF has a 12-month low of $50.21 and a 12-month high of $50.82. The business’s 50-day moving average price is $50.33 and its two-hundred day moving average price is $50.44.

About AB Ultra Short Income ETF

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.