AB Ultra Short Income ETF (NYSEARCA:YEAR) Sees Unusually-High Trading Volume – Should You Buy?

Shares of AB Ultra Short Income ETF (NYSEARCA:YEAR) saw unusually-high trading volume on Monday . Approximately 788,065 shares were traded during trading, an increase of 457% from the previous session’s volume of 141,457 shares.The stock last traded at $50.52 and had previously closed at $50.51.

AB Ultra Short Income ETF Price Performance

The stock has a 50 day simple moving average of $50.45 and a 200 day simple moving average of $50.56.

Institutional Trading of AB Ultra Short Income ETF

Hedge funds have recently bought and sold shares of the stock. Rothschild Investment LLC bought a new stake in shares of AB Ultra Short Income ETF during the fourth quarter valued at approximately $38,000. Steward Partners Investment Advisory LLC grew its holdings in shares of AB Ultra Short Income ETF by 440.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,700 shares of the company’s stock worth $136,000 after purchasing an additional 2,200 shares during the last quarter. Magnolia Capital Advisors LLC purchased a new position in AB Ultra Short Income ETF during the 4th quarter worth $237,000. Integrated Wealth Concepts LLC lifted its stake in AB Ultra Short Income ETF by 20.2% in the third quarter. Integrated Wealth Concepts LLC now owns 4,774 shares of the company’s stock worth $243,000 after acquiring an additional 801 shares during the period. Finally, Ameriprise Financial Inc. bought a new stake in shares of AB Ultra Short Income ETF in the 4th quarter valued at about $287,000.

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.