Short Interest in AB Ultra Short Income ETF (NYSEARCA:YEAR) Decreases By 85.2%

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 12,118 shares, a decline of 85.2% from the July 30th total of 81,606 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 148,658 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wagner Wealth Management LLC acquired a new position in AB Ultra Short Income ETF in the first quarter valued at about $127,000. Colonial Trust Advisors increased its stake in shares of AB Ultra Short Income ETF by 59.7% in the 4th quarter. Colonial Trust Advisors now owns 2,675 shares of the company’s stock valued at $135,000 after acquiring an additional 1,000 shares during the last quarter. Rothschild Investment LLC raised its position in shares of AB Ultra Short Income ETF by 25.2% in the 4th quarter. Rothschild Investment LLC now owns 4,975 shares of the company’s stock valued at $251,000 after acquiring an additional 1,000 shares during the period. Sun Financial Inc acquired a new stake in shares of AB Ultra Short Income ETF in the 4th quarter valued at approximately $254,000. Finally, Centerpoint Advisory Group bought a new position in AB Ultra Short Income ETF during the 4th quarter worth approximately $254,000.

AB Ultra Short Income ETF Price Performance

YEAR stock traded down $0.01 during midday trading on Wednesday, reaching $50.33. The company’s stock had a trading volume of 44,296 shares, compared to its average volume of 171,545. The business’s 50-day simple moving average is $50.27 and its 200-day simple moving average is $50.35. AB Ultra Short Income ETF has a 52 week low of $50.16 and a 52 week high of $50.78.

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.