AB High Yield ETF (NYSEARCA:HYFI) Sees Significant Drop in Short Interest

AB High Yield ETF (NYSEARCA:HYFI) was the target of a significant decrease in short interest in July. As of July 31st, there was short interest totaling 1,899 shares, a decrease of 86.8% from the July 15th total of 14,420 shares. Based on an average daily trading volume, of 29,000 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On AB High Yield ETF

A number of institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC lifted its holdings in shares of AB High Yield ETF by 6,057.8% in the 4th quarter. NewEdge Advisors LLC now owns 5,542 shares of the company’s stock worth $208,000 after acquiring an additional 5,452 shares during the last quarter. Fifth Third Bancorp purchased a new stake in AB High Yield ETF in the first quarter valued at approximately $304,000. Comerica Bank raised its position in AB High Yield ETF by 41.4% in the third quarter. Comerica Bank now owns 8,243 shares of the company’s stock valued at $313,000 after purchasing an additional 2,415 shares during the period. Beto Financial Group LLC acquired a new position in AB High Yield ETF during the fourth quarter worth $424,000. Finally, Captrust Financial Advisors lifted its stake in AB High Yield ETF by 37.5% during the fourth quarter. Captrust Financial Advisors now owns 12,128 shares of the company’s stock worth $456,000 after purchasing an additional 3,308 shares in the last quarter.

AB High Yield ETF Price Performance

Shares of HYFI stock traded up $0.01 during trading hours on Wednesday, reaching $37.17. The company had a trading volume of 9,588 shares, compared to its average volume of 41,031. The stock has a fifty day moving average of $37.20 and a 200-day moving average of $37.34. AB High Yield ETF has a 12-month low of $36.64 and a 12-month high of $38.27.

AB High Yield ETF Company Profile

The AB High Yield ETF (HYFI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund of fixed income securities with high-yield credit rating and various maturities from corporate issuers around the world. Constituents are selected using a combination of quantitative and fundamental research, as well as both top-down and bottom-up analysis. HYFI was launched on May 15, 2023 and is managed by AB Funds.