AB High Yield ETF (NYSEARCA:HYFI) Short Interest Up 482.9% in May

AB High Yield ETF (NYSEARCA:HYFI) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 13,454 shares, a growth of 482.9% from the April 30th total of 2,308 shares. Based on an average daily trading volume, of 28,862 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On AB High Yield ETF

A number of large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its holdings in AB High Yield ETF by 116.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 211,267 shares of the company’s stock valued at $8,019,000 after purchasing an additional 113,570 shares during the last quarter. Assetmark Inc. grew its holdings in 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 purchasing an additional 183,271 shares during the last quarter. Wagner Wealth Management LLC grew its holdings in AB High Yield ETF by 6.9% during the 4th quarter. Wagner Wealth Management LLC now owns 646,526 shares of the company’s stock valued at $24,296,000 after purchasing an additional 41,688 shares during the last quarter. Truist Financial Corp bought a new position in AB High Yield ETF during the 3rd quarter valued at about $986,000. Finally, Anderson Financial Strategies LLC grew its holdings in AB High Yield ETF by 9.2% during the 3rd quarter. Anderson Financial Strategies LLC now owns 230,946 shares of the company’s stock valued at $8,765,000 after purchasing an additional 19,405 shares during the last quarter.

AB High Yield ETF Stock Performance

Shares of NYSEARCA:HYFI traded up $0.03 on Thursday, reaching $37.48. The company’s stock had a trading volume of 21,154 shares, compared to its average volume of 35,276. AB High Yield ETF has a 52-week low of $36.64 and a 52-week high of $38.27. The company has a 50-day simple moving average of $37.27 and a 200 day simple moving average of $37.53.

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.