AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Significant Growth in Short Interest

AB Ultra Short Income ETF (NYSEARCA:YEAR) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 36,100 shares, a growth of 79.6% from the September 30th total of 20,100 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 234,000 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 234,000 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

AB Ultra Short Income ETF Stock Up 0.1%

Shares of AB Ultra Short Income ETF stock opened at $50.68 on Monday. AB Ultra Short Income ETF has a 1-year low of $50.10 and a 1-year high of $50.82. The firm’s 50-day moving average price is $50.63 and its two-hundred day moving average price is $50.56.

Institutional Trading of AB Ultra Short Income ETF

Several large investors have recently added to or reduced their stakes in the company. PMG Wealth Management Inc. grew its stake in AB Ultra Short Income ETF by 0.4% during the third quarter. PMG Wealth Management Inc. now owns 77,553 shares of the company’s stock worth $3,919,000 after buying an additional 304 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in AB Ultra Short Income ETF by 5.5% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 16,028 shares of the company’s stock worth $812,000 after buying an additional 830 shares during the last quarter. WPG Advisers LLC grew its stake in AB Ultra Short Income ETF by 7.3% during the third quarter. WPG Advisers LLC now owns 26,782 shares of the company’s stock worth $1,357,000 after buying an additional 1,813 shares during the last quarter. Leavell Investment Management Inc. grew its stake in AB Ultra Short Income ETF by 5.0% during the third quarter. Leavell Investment Management Inc. now owns 9,794 shares of the company’s stock worth $496,000 after buying an additional 464 shares during the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in AB Ultra Short Income ETF by 65.6% during the third quarter. Concurrent Investment Advisors LLC now owns 18,987 shares of the company’s stock worth $962,000 after buying an additional 7,520 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.