AB High Yield ETF (NYSEARCA:HYFI) Short Interest Up 87.8% in January

AB High Yield ETF (NYSEARCA:HYFI) was the target of a large growth in short interest during the month of January. As of January 30th, there was short interest totaling 11,910 shares, a growth of 87.8% from the January 15th total of 6,342 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 44,062 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 44,062 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

AB High Yield ETF Stock Down 0.1%

Shares of HYFI stock traded down $0.02 during trading hours on Friday, reaching $37.70. The company had a trading volume of 36,438 shares, compared to its average volume of 34,751. AB High Yield ETF has a 12 month low of $34.74 and a 12 month high of $40.14. The business has a fifty day simple moving average of $37.76 and a 200-day simple moving average of $37.72.

AB High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.2113 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.7%.

Institutional Trading of AB High Yield ETF

Several institutional investors have recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in shares of AB High Yield ETF by 204.5% during the third quarter. Global Retirement Partners LLC now owns 1,416 shares of the company’s stock valued at $54,000 after purchasing an additional 951 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of AB High Yield ETF during the 3rd quarter worth approximately $66,000. TFB Advisors LLC purchased a new position in shares of AB High Yield ETF in the 3rd quarter worth approximately $208,000. Perigon Wealth Management LLC bought a new position in shares of AB High Yield ETF in the third quarter valued at approximately $247,000. Finally, Sage Advisory Services Ltd.Co. bought a new position in shares of AB High Yield ETF in the third quarter valued at approximately $281,000.

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.