AB High Yield ETF (NYSEARCA:HYFI) Short Interest Up 25.6% in April

AB High Yield ETF (NYSEARCA:HYFI) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 16,498 shares, an increase of 25.6% from the March 31st total of 13,131 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 46,482 shares, the days-to-cover ratio is currently 0.4 days.

AB High Yield ETF Stock Performance

Shares of HYFI stock traded down $0.18 during trading on Friday, reaching $37.37. The company’s stock had a trading volume of 19,741 shares, compared to its average volume of 36,194. The business has a fifty day moving average price of $37.30 and a 200-day moving average price of $37.57. AB High Yield ETF has a one year low of $36.46 and a one year high of $38.27.

Institutional Trading of AB High Yield ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in AB High Yield ETF by 116.2% during the third quarter. Envestnet Asset Management Inc. now owns 211,267 shares of the company’s stock worth $8,019,000 after acquiring an additional 113,570 shares in the last quarter. Advisory Resource Group bought a new stake in AB High Yield ETF during the third quarter worth $4,599,000. Assetmark Inc. raised its position in AB High Yield ETF by 69.8% during the fourth quarter. Assetmark Inc. now owns 445,950 shares of the company’s stock worth $16,759,000 after acquiring an additional 183,271 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in AB High Yield ETF by 17.9% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 134,240 shares of the company’s stock worth $5,062,000 after acquiring an additional 20,416 shares in the last quarter. Finally, Wagner Wealth Management LLC raised its position in AB High Yield ETF by 6.9% during the fourth quarter. Wagner Wealth Management LLC now owns 646,526 shares of the company’s stock worth $24,296,000 after acquiring an additional 41,688 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. HYFI was launched on May 15, 2023 and is managed by AB Funds.