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

AB High Yield ETF (NYSEARCA:HYFI) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 8,300 shares, an increase of 93.0% from the May 15th total of 4,300 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily volume of 28,700 shares, the short-interest ratio is presently 0.3 days.

AB High Yield ETF Price Performance

Shares of HYFI traded up $0.06 during trading hours on Monday, reaching $37.03. The stock had a trading volume of 9,683 shares, compared to its average volume of 25,839. AB High Yield ETF has a 12 month low of $34.74 and a 12 month high of $40.14. The firm has a 50-day simple moving average of $36.62 and a 200 day simple moving average of $36.92.

Hedge Funds Weigh In On AB High Yield ETF

Large investors have recently modified their holdings of the company. CWM LLC bought a new position in AB High Yield ETF during the 1st quarter valued at $88,000. N.E.W. Advisory Services LLC bought a new position in AB High Yield ETF during the 1st quarter valued at $130,000. MMA Asset Management LLC bought a new position in AB High Yield ETF during the 4th quarter valued at $200,000. Sigma Planning Corp bought a new position in AB High Yield ETF during the 4th quarter valued at $206,000. Finally, Comerica Bank lifted its stake in AB High Yield ETF by 132.0% during the 1st quarter. Comerica Bank now owns 5,828 shares of the company’s stock valued at $215,000 after acquiring an additional 3,316 shares in the last quarter.

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.