AB Ultra Short Income ETF (NYSEARCA:YEAR) Short Interest Up 1,890.5% in March
by Sarita Garza · The Markets DailyAB Ultra Short Income ETF (NYSEARCA:YEAR – Get Free Report) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totaling 35,649 shares, a growth of 1,890.5% from the March 15th total of 1,791 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 176,714 shares, the days-to-cover ratio is presently 0.2 days.
AB Ultra Short Income ETF Stock Performance
YEAR remained flat at $50.36 during trading on Friday. 193,479 shares of the company’s stock were exchanged, compared to its average volume of 209,317. The company has a 50 day simple moving average of $50.46 and a 200-day simple moving average of $50.55. AB Ultra Short Income ETF has a twelve month low of $50.28 and a twelve month high of $50.82.
Institutional Trading of AB Ultra Short Income ETF
Institutional investors have recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in AB Ultra Short Income ETF during the fourth quarter valued at $73,000. Colonial Trust Advisors boosted its position in AB Ultra Short Income ETF by 59.7% during the fourth 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 boosted its position in AB Ultra Short Income ETF by 25.2% during the fourth 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 last quarter. Sun Financial Inc acquired a new position in shares of AB Ultra Short Income ETF during the 4th quarter valued at $254,000. Finally, Centerpoint Advisory Group acquired a new position in shares of AB Ultra Short Income ETF during the 4th quarter valued at $254,000.
AB Ultra Short Income ETF Company Profile
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.