FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Short Interest Up 238.7% in April

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 44,209 shares, an increase of 238.7% from the April 15th total of 13,051 shares. Based on an average daily volume of 27,380 shares, the days-to-cover ratio is presently 1.6 days. Approximately 1.0% of the shares of the company are sold short.

Institutional Investors Weigh In On FT Vest High Yield & Target Income ETF

Several institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers boosted its stake in shares of FT Vest High Yield & Target Income ETF by 375.9% in the first quarter. Cetera Investment Advisers now owns 76,832 shares of the company’s stock valued at $1,480,000 after buying an additional 60,686 shares during the period. Independent Financial Group LLC bought a new position in FT Vest High Yield & Target Income ETF in the first quarter valued at about $1,882,000. International Assets Investment Management LLC bought a new position in FT Vest High Yield & Target Income ETF in the first quarter valued at about $322,000. Kestra Advisory Services LLC grew its position in FT Vest High Yield & Target Income ETF by 12.5% in the first quarter. Kestra Advisory Services LLC now owns 498,386 shares of the company’s stock valued at $9,599,000 after acquiring an additional 55,538 shares during the last quarter. Finally, SageGuard Financial Group LLC grew its holdings in shares of FT Vest High Yield & Target Income ETF by 73.2% during the first quarter. SageGuard Financial Group LLC now owns 153,528 shares of the company’s stock worth $2,957,000 after purchasing an additional 64,884 shares during the last quarter.

FT Vest High Yield & Target Income ETF Trading Down 0.4%

Shares of NYSEARCA:HYTI traded down $0.08 during trading on Friday, reaching $19.16. The stock had a trading volume of 36,747 shares, compared to its average volume of 37,651. FT Vest High Yield & Target Income ETF has a 52 week low of $19.03 and a 52 week high of $21.94. The stock has a fifty day simple moving average of $19.28 and a two-hundred day simple moving average of $19.54.

About FT Vest High Yield & Target Income ETF

The FT Vest High Yield & Target Income ETF (HYTI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx High Yield Corporate Bond ETF (HYG) and a partial covered call strategy. It seeks an annual rate of approximately 5% over HYGs current annual yield HYTI was launched on Feb 12, 2025 and is issued by First Trust.