AB High Yield ETF (NYSEARCA:HYFI) Short Interest Down 86.8% in July

AB High Yield ETF (NYSEARCA:HYFI) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,899 shares, a decline of 86.8% from the July 15th total of 14,420 shares. Based on an average daily trading volume, of 29,000 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On AB High Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. acquired a new stake in shares of AB High Yield ETF during the 2nd quarter worth approximately $907,000. Raymond James Financial Inc. boosted its position in AB High Yield ETF by 3.4% during the 2nd quarter. Raymond James Financial Inc. now owns 263,963 shares of the company’s stock valued at $9,891,000 after purchasing an additional 8,770 shares during the period. UBS Group AG boosted its position in AB High Yield ETF by 14.7% during the 3rd quarter. UBS Group AG now owns 29,413 shares of the company’s stock valued at $1,116,000 after purchasing an additional 3,771 shares during the period. Comerica Bank grew its stake in AB High Yield ETF by 41.4% during the 3rd quarter. Comerica Bank now owns 8,243 shares of the company’s stock worth $313,000 after buying an additional 2,415 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new position in AB High Yield ETF during the 3rd quarter worth $462,000.

AB High Yield ETF Price Performance

Shares of NYSEARCA:HYFI traded down $0.05 during trading on Friday, reaching $37.19. 16,135 shares of the company’s stock traded hands, compared to its average volume of 40,865. AB High Yield ETF has a 12 month low of $36.64 and a 12 month high of $38.27. The company has a 50 day moving average of $37.19 and a 200-day moving average of $37.33.

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.