FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Sees Significant Growth in Short Interest

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 46,930 shares, an increase of 134.7% from the July 15th total of 20,000 shares. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 17,509 shares, the days-to-cover ratio is currently 2.7 days.

FT Vest High Yield & Target Income ETF Price Performance

Shares of HYTI stock traded down $0.02 during trading hours on Friday, hitting $19.01. 11,747 shares of the company’s stock were exchanged, compared to its average volume of 33,290. The stock’s 50-day moving average is $19.04 and its 200-day moving average is $19.25. FT Vest High Yield & Target Income ETF has a 52 week low of $18.85 and a 52 week high of $20.15.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Nations Financial Group Inc. IA ADV bought a new position in FT Vest High Yield & Target Income ETF in the 4th quarter valued at $1,792,000. Foundations Investment Advisors LLC bought a new stake in shares of FT Vest High Yield & Target Income ETF during the 4th quarter valued at $528,000. Insight Advisors LLC PA lifted its holdings in FT Vest High Yield & Target Income ETF by 20.2% during the fourth quarter. Insight Advisors LLC PA now owns 190,811 shares of the company’s stock worth $3,775,000 after acquiring an additional 32,102 shares in the last quarter. SageGuard Financial Group LLC bought a new stake in FT Vest High Yield & Target Income ETF during the 4th quarter worth approximately $1,754,000. Finally, Kestra Advisory Services LLC increased its stake in FT Vest High Yield & Target Income ETF by 12.5% during the 1st quarter. Kestra Advisory Services LLC now owns 498,386 shares of the company’s stock worth $9,599,000 after purchasing an additional 55,538 shares in the last quarter.

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.