AB Ultra Short Income ETF (NYSEARCA:YEAR) Hits New 1-Year Low – What’s Next?

AB Ultra Short Income ETF (NYSEARCA:YEAR)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $50.18 and last traded at $50.18, with a volume of 4315 shares. The stock had previously closed at $50.34.

AB Ultra Short Income ETF Price Performance

The stock has a fifty day simple moving average of $50.32 and a two-hundred day simple moving average of $50.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. increased its stake in AB Ultra Short Income ETF by 9.7% during the 2nd quarter. Raymond James Financial Inc. now owns 506,870 shares of the company’s stock worth $25,678,000 after buying an additional 44,660 shares during the period. Ausdal Financial Partners Inc. boosted its position in AB Ultra Short Income ETF by 7.7% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 195,178 shares of the company’s stock valued at $9,888,000 after buying an additional 13,986 shares during the last quarter. Claro Advisors LLC grew its stake in shares of AB Ultra Short Income ETF by 12.7% during the third quarter. Claro Advisors LLC now owns 5,415 shares of the company’s stock valued at $274,000 after acquiring an additional 611 shares in the last quarter. Equitable Holdings Inc. grew its stake in shares of AB Ultra Short Income ETF by 42.5% during the third quarter. Equitable Holdings Inc. now owns 17,951 shares of the company’s stock valued at $910,000 after acquiring an additional 5,357 shares in the last quarter. Finally, Citadel Advisors LLC increased its position in shares of AB Ultra Short Income ETF by 140.4% during the third quarter. Citadel Advisors LLC now owns 88,974 shares of the company’s stock worth $4,509,000 after acquiring an additional 51,967 shares during the last quarter.

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.