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

AB High Yield ETF (NYSEARCA:HYFI) was the target of a significant drop in short interest in October. As of October 30th, there was short interest totaling 4,480 shares, a drop of 74.4% from the October 15th total of 17,483 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 91,322 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On AB High Yield ETF

Several large investors have recently bought and sold shares of HYFI. Arkadios Wealth Advisors acquired a new stake in AB High Yield ETF in the 1st quarter valued at about $24,402,000. Assetmark Inc. boosted its stake in shares of AB High Yield ETF by 0.8% in the 1st quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock valued at $16,718,000 after buying an additional 3,585 shares during the period. Envestnet Asset Management Inc. boosted its stake in shares of AB High Yield ETF by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 269,296 shares of the company’s stock valued at $10,055,000 after buying an additional 2,791 shares during the period. Western Wealth Management LLC grew its position in shares of AB High Yield ETF by 180.7% during the first quarter. Western Wealth Management LLC now owns 69,115 shares of the company’s stock worth $2,570,000 after buying an additional 44,492 shares in the last quarter. Finally, Victory Financial Group LLC grew its position in shares of AB High Yield ETF by 34.2% during the third quarter. Victory Financial Group LLC now owns 39,571 shares of the company’s stock worth $1,429,000 after buying an additional 10,089 shares in the last quarter.

AB High Yield ETF Stock Performance

NYSEARCA:HYFI opened at $36.07 on Thursday. The stock has a fifty day moving average price of $36.24 and a 200 day moving average price of $37.05. AB High Yield ETF has a 12-month low of $35.64 and a 12-month high of $37.96.

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.