AB High Yield ETF (NYSEARCA:HYFI – Get Free Report) was the target of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 5,935 shares, a decrease of 38.8% from the August 15th total of 9,693 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 28,894 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Investors Weigh In On AB High Yield ETF
A number of hedge funds have recently added to or reduced their stakes in HYFI. Arkadios Wealth Advisors bought a new position in shares of AB High Yield ETF during the first quarter worth about $24,402,000. Western Wealth Management LLC boosted its stake in AB High Yield ETF by 180.7% during the 1st quarter. Western Wealth Management LLC now owns 69,115 shares of the company’s stock valued at $2,570,000 after purchasing an additional 44,492 shares during the period. SageGuard Financial Group LLC acquired a new position in AB High Yield ETF during the 1st quarter valued at about $1,442,000. Baer Investment Advisory LLC bought a new position in AB High Yield ETF in the 1st quarter worth about $954,000. Finally, Citadel Advisors LLC acquired a new stake in shares of AB High Yield ETF in the second quarter valued at approximately $642,000.
AB High Yield ETF Trading Up 0.4%
Shares of NYSEARCA HYFI traded up $0.14 during mid-day trading on Thursday, hitting $36.72. The company had a trading volume of 60,566 shares, compared to its average volume of 40,057. AB High Yield ETF has a 12 month low of $36.54 and a 12 month high of $38.27. The firm’s 50 day simple moving average is $37.04 and its two-hundred day simple moving average is $37.19.
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.
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