AB High Yield ETF (NYSEARCA:HYFI) Sees Significant Increase in Short Interest

AB High Yield ETF (NYSEARCA:HYFI) was the target of a large growth in short interest in the month of 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. Based on an average daily volume of 39,278 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On AB High Yield ETF

Institutional investors have recently bought and sold shares of the stock. 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 valued at $208,000 after acquiring an additional 5,452 shares during the last quarter. Fifth Third Bancorp bought a new position 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 purchasing an additional 2,415 shares during the last quarter. Beto Financial Group LLC bought a new position in shares of AB High Yield ETF during the 4th quarter valued at about $424,000. Finally, Captrust Financial Advisors grew its position in shares of AB High Yield ETF by 37.5% during the fourth quarter. Captrust Financial Advisors now owns 12,128 shares of the company’s stock valued at $456,000 after purchasing an additional 3,308 shares in the last quarter.

AB High Yield ETF Trading Down 0.1%

Shares of AB High Yield ETF stock traded down $0.03 on Wednesday, hitting $37.24. 10,325 shares of the company traded hands, compared to its average volume of 40,238. AB High Yield ETF has a 52 week low of $36.64 and a 52 week high of $38.27. The business has a 50-day simple moving average of $37.18 and a 200 day simple moving average of $37.29.

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.