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

AB High Yield ETF (NYSEARCA:HYFI) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 2,308 shares, a decline of 86.0% from the April 15th total of 16,498 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 33,676 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of AB High Yield ETF

Institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC grew its stake in shares of AB High Yield ETF by 204.5% during the 3rd quarter. Global Retirement Partners LLC now owns 1,416 shares of the company’s stock worth $54,000 after acquiring an additional 951 shares in the last quarter. PNC Financial Services Group Inc. bought a new position in shares of AB High Yield ETF during the 3rd quarter worth approximately $66,000. TFB Advisors LLC bought a new position in shares of AB High Yield ETF during the 3rd quarter worth approximately $208,000. NewEdge Advisors LLC grew its stake in shares of AB High Yield ETF by 6,057.8% during the 4th quarter. NewEdge Advisors LLC now owns 5,542 shares of the company’s stock worth $208,000 after acquiring an additional 5,452 shares in the last quarter. Finally, Sage Advisory Services Ltd.Co. bought a new position in shares of AB High Yield ETF during the 3rd quarter worth approximately $281,000.

AB High Yield ETF Price Performance

Shares of AB High Yield ETF stock remained flat at $37.32 during trading on Thursday. The stock had a trading volume of 13,097 shares, compared to its average volume of 35,692. The business’s 50 day simple moving average is $37.25 and its two-hundred day simple moving average is $37.55. AB High Yield ETF has a 12 month low of $36.64 and a 12 month high of $38.27.

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.