Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Declines By 58.4%

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,342 shares, a decrease of 58.4% from the December 31st total of 15,244 shares. Based on an average trading volume of 23,560 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 23,560 shares, the short-interest ratio is presently 0.3 days.

AB High Yield ETF Trading Up 0.1%

Shares of NYSEARCA:HYFI traded up $0.02 during mid-day trading on Friday, reaching $37.91. The company had a trading volume of 20,146 shares, compared to its average volume of 33,762. AB High Yield ETF has a one year low of $34.74 and a one year high of $40.14. The company’s 50-day moving average price is $37.77 and its 200-day moving average price is $37.70.

Institutional Investors Weigh In On AB High Yield ETF

Large investors have recently added to or reduced their stakes in the company. Wagner Wealth Management LLC boosted its position in shares of AB High Yield ETF by 6.9% in the fourth quarter. Wagner Wealth Management LLC now owns 646,526 shares of the company’s stock valued at $24,296,000 after acquiring an additional 41,688 shares during the period. Sanctuary Advisors LLC boosted its stake in AB High Yield ETF by 8.1% during the fourth quarter. Sanctuary Advisors LLC now owns 15,214 shares of the company’s stock valued at $572,000 after buying an additional 1,143 shares during the period. Assetmark Inc. boosted its position in shares of AB High Yield ETF by 69.8% during the 4th quarter. Assetmark Inc. now owns 445,950 shares of the company’s stock valued at $16,759,000 after acquiring an additional 183,271 shares during the last quarter. Stratos Wealth Partners LTD. lifted its position in AB High Yield ETF by 3.2% during the fourth quarter. Stratos Wealth Partners LTD. now owns 100,288 shares of the company’s stock valued at $3,769,000 after purchasing an additional 3,104 shares during the last quarter. Finally, Victory Financial Group LLC lifted its holdings in shares of AB High Yield ETF by 36.1% during the 4th quarter. Victory Financial Group LLC now owns 27,698 shares of the company’s stock worth $1,041,000 after acquiring an additional 7,346 shares during the last quarter.

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.