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

AB High Yield ETF (NYSEARCA:HYFI) saw a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 17,483 shares, an increase of 107.5% from the September 30th total of 8,424 shares. Based on an average daily volume of 102,842 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On AB High Yield ETF

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC lifted its stake in AB High Yield ETF by 7.1% in the 1st quarter. Kestra Advisory Services LLC now owns 31,130 shares of the company’s stock worth $1,158,000 after acquiring an additional 2,074 shares in the last quarter. Envestnet Asset Management Inc. increased its position in AB High Yield ETF by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 269,296 shares of the company’s stock worth $10,055,000 after buying an additional 2,791 shares during the last quarter. Assetmark Inc. lifted its holdings in AB High Yield ETF by 0.8% in the 1st quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock worth $16,718,000 after purchasing an additional 3,585 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of AB High Yield ETF by 6,742.2% in the second quarter. NewEdge Advisors LLC now owns 6,158 shares of the company’s stock worth $230,000 after buying an additional 6,068 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in AB High Yield ETF during the first quarter valued at about $304,000.

AB High Yield ETF Trading Down 0.1%

Shares of AB High Yield ETF stock traded down $0.05 during trading on Friday, hitting $36.13. The stock had a trading volume of 260,223 shares, compared to its average volume of 46,176. The business has a fifty day moving average of $36.42 and a two-hundred day moving average of $37.12. AB High Yield ETF has a fifty-two week low of $35.64 and a fifty-two week high of $37.96.

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.