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

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 8,424 shares, a growth of 170.7% from the September 15th total of 3,112 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 43,082 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On AB High Yield ETF

Institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its holdings in AB High Yield ETF by 6,742.2% in the second quarter. NewEdge Advisors LLC now owns 6,158 shares of the company’s stock worth $230,000 after purchasing an additional 6,068 shares during the period. Fifth Third Bancorp acquired a new position in shares of AB High Yield ETF during the first quarter worth about $304,000. Citadel Advisors LLC acquired a new stake in shares of AB High Yield ETF in the second quarter valued at approximately $642,000. Baer Investment Advisory LLC acquired a new stake in AB High Yield ETF in the 1st quarter valued at $954,000. Finally, Kestra Advisory Services LLC raised its holdings in AB High Yield ETF by 7.1% during the first quarter. Kestra Advisory Services LLC now owns 31,130 shares of the company’s stock worth $1,158,000 after acquiring an additional 2,074 shares in the last quarter.

AB High Yield ETF Stock Down 0.2%

NYSEARCA:HYFI traded down $0.06 during trading hours on Tuesday, hitting $36.01. 31,697 shares of the stock were exchanged, compared to its average volume of 43,734. AB High Yield ETF has a twelve month low of $35.69 and a twelve month high of $38.27. The company’s 50 day moving average is $36.72 and its two-hundred day moving average is $37.07.

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.