AB High Yield ETF (NYSEARCA:HYFI) Short Interest Update

AB High Yield ETF (NYSEARCA:HYFI) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 9,693 shares, a growth of 410.4% from the July 30th total of 1,899 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 39,278 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its holdings in AB High Yield ETF by 6,057.8% in the 4th quarter. NewEdge Advisors LLC now owns 5,542 shares of the company’s stock worth $208,000 after buying an additional 5,452 shares in the last quarter. Fifth Third Bancorp purchased a new stake in shares of AB High Yield ETF during the 1st quarter valued at about $304,000. Comerica Bank boosted its holdings in shares of AB High Yield ETF by 41.4% during the 3rd quarter. Comerica Bank now owns 8,243 shares of the company’s stock valued at $313,000 after acquiring an additional 2,415 shares during the last quarter. Beto Financial Group LLC bought a new stake in shares of AB High Yield ETF in the fourth quarter worth approximately $424,000. Finally, Captrust Financial Advisors grew its stake in shares of AB High Yield ETF by 37.5% in the fourth quarter. Captrust Financial Advisors now owns 12,128 shares of the company’s stock worth $456,000 after acquiring an additional 3,308 shares during the period.

AB High Yield ETF Stock Performance

HYFI traded down $0.05 during trading on Friday, hitting $37.18. 5,716 shares of the company’s stock traded hands, compared to its average volume of 40,038. The company’s 50 day simple moving average is $37.18 and its two-hundred day simple moving average is $37.29. AB High Yield ETF has a 12-month low of $36.64 and a 12-month high of $38.27.

About AB High Yield ETF

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.