AB High Yield ETF (NYSEARCA:HYFI) Trading Up 0.1% – Here’s What Happened

AB High Yield ETF (NYSEARCA:HYFI)’s share price traded up 0.1% during trading on Monday . The stock traded as high as $37.03 and last traded at $36.98. 13,828 shares traded hands during trading, a decline of 66% from the average daily volume of 41,251 shares. The stock had previously closed at $36.96.

AB High Yield ETF Trading Down 0.2%

The company has a fifty day moving average of $37.26 and a two-hundred day moving average of $37.39.

Hedge Funds Weigh In On AB High Yield ETF

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

About AB High Yield ETF

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.