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

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totaling 13,131 shares, an increase of 714.6% from the March 15th total of 1,612 shares. Based on an average trading volume of 23,340 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the company’s stock are sold short.

AB High Yield ETF Trading Down 0.3%

NYSEARCA:HYFI traded down $0.13 during trading hours on Friday, reaching $37.25. 20,980 shares of the stock were exchanged, compared to its average volume of 36,869. AB High Yield ETF has a twelve month low of $35.12 and a twelve month high of $38.27. The firm has a 50 day moving average of $37.35 and a 200 day moving average of $37.60.

Hedge Funds Weigh In On AB High Yield ETF

A number of large investors have recently bought and sold shares of HYFI. LPL Financial LLC boosted its position in AB High Yield ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 2,794,927 shares of the company’s stock worth $105,033,000 after acquiring an additional 416,410 shares during the last quarter. Assetmark Inc. acquired a new position in AB High Yield ETF during the 3rd quarter worth approximately $9,970,000. Advisory Resource Group acquired a new position in AB High Yield ETF during the 3rd quarter worth approximately $4,599,000. Envestnet Asset Management Inc. boosted its position in AB High Yield ETF by 116.2% during the 3rd 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 during the last quarter. Finally, Jane Street Group LLC boosted its position in AB High Yield ETF by 164.7% during the 4th quarter. Jane Street Group LLC now owns 92,413 shares of the company’s stock worth $3,473,000 after acquiring an additional 57,501 shares during the last quarter.

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.