AB US High Dividend ETF (NYSEARCA:HIDV) Short Interest Update

AB US High Dividend ETF (NYSEARCA:HIDV) was the target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 1,911 shares, a decrease of 59.6% from the May 14th total of 4,733 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 6,448 shares, the short-interest ratio is currently 0.3 days.

AB US High Dividend ETF Price Performance

Shares of AB US High Dividend ETF stock opened at $88.34 on Friday. The company has a 50 day simple moving average of $85.56 and a two-hundred day simple moving average of $82.70. The firm has a market cap of $185.51 million, a PE ratio of 17.91 and a beta of 0.96. AB US High Dividend ETF has a 1 year low of $70.84 and a 1 year high of $89.90.

Institutional Investors Weigh In On AB US High Dividend ETF

Institutional investors have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors purchased a new stake in AB US High Dividend ETF in the first quarter worth $7,372,000. Wagner Wealth Management LLC grew its stake in AB US High Dividend ETF by 2.9% in the first quarter. Wagner Wealth Management LLC now owns 97,152 shares of the company’s stock worth $7,546,000 after purchasing an additional 2,773 shares during the period. Royal Bank of Canada bought a new position in AB US High Dividend ETF in the fourth quarter worth $50,000. LPL Financial LLC boosted its holdings 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 valued at $36,112,000 after buying an additional 13,201 shares in the last quarter. Finally, Kingsview Wealth Management LLC grew its position in shares of 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 worth $758,000 after buying an additional 3,998 shares during the period.

AB US High Dividend ETF Company Profile

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.