Short Interest in FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Decreases By 43.4%

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) saw a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 20,811 shares, a drop of 43.4% from the May 14th total of 36,779 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 31,662 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of FT Vest High Yield & Target Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers increased its position in shares of FT Vest High Yield & Target Income ETF by 375.9% during the first quarter. Cetera Investment Advisers now owns 76,832 shares of the company’s stock valued at $1,480,000 after acquiring an additional 60,686 shares during the last quarter. Independent Financial Group LLC bought a new position in FT Vest High Yield & Target Income ETF during the first quarter valued at $1,882,000. International Assets Investment Management LLC bought a new position in FT Vest High Yield & Target Income ETF during the first quarter valued at $322,000. Kestra Advisory Services LLC grew its holdings in FT Vest High Yield & Target Income ETF by 12.5% during the first quarter. Kestra Advisory Services LLC now owns 498,386 shares of the company’s stock valued at $9,599,000 after purchasing an additional 55,538 shares during the period. Finally, SageGuard Financial Group LLC grew its holdings in FT Vest High Yield & Target Income ETF by 73.2% during the first quarter. SageGuard Financial Group LLC now owns 153,528 shares of the company’s stock valued at $2,957,000 after purchasing an additional 64,884 shares during the period.

FT Vest High Yield & Target Income ETF Stock Performance

Shares of HYTI traded up $0.02 on Tuesday, reaching $19.19. 18,955 shares of the company’s stock traded hands, compared to its average volume of 35,220. The stock’s 50 day simple moving average is $19.26 and its two-hundred day simple moving average is $19.46. FT Vest High Yield & Target Income ETF has a 52-week low of $19.02 and a 52-week high of $20.45.

About FT Vest High Yield & Target Income ETF

The FT Vest High Yield & Target Income ETF (HYTI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx High Yield Corporate Bond ETF (HYG) and a partial covered call strategy. It seeks an annual rate of approximately 5% over HYGs current annual yield HYTI was launched on Feb 12, 2025 and is issued by First Trust.