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

AB High Yield ETF (NYSEARCA:HYFI) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 5,935 shares, a drop of 38.8% from the August 15th total of 9,693 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 28,894 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of AB High Yield ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC grew its stake in shares of AB High Yield ETF by 7.1% in the first quarter. Kestra Advisory Services LLC now owns 31,130 shares of the company’s stock valued at $1,158,000 after buying an additional 2,074 shares in the last quarter. Assetmark Inc. increased its holdings in AB High Yield ETF by 0.8% during the first quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock worth $16,718,000 after buying an additional 3,585 shares during the last quarter. Anderson Financial Strategies LLC raised its position in AB High Yield ETF by 1.7% during the fourth quarter. Anderson Financial Strategies LLC now owns 234,943 shares of the company’s stock worth $8,829,000 after acquiring an additional 3,997 shares in the last quarter. NewEdge Advisors LLC raised its position in AB High Yield ETF by 6,742.2% during the second quarter. NewEdge Advisors LLC now owns 6,158 shares of the company’s stock worth $230,000 after acquiring an additional 6,068 shares in the last quarter. Finally, Kingsview Wealth Management LLC lifted its stake in AB High Yield ETF by 55.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 18,928 shares of the company’s stock valued at $711,000 after acquiring an additional 6,718 shares during the last quarter.

AB High Yield ETF Stock Up 0.4%

AB High Yield ETF stock traded up $0.13 during midday trading on Wednesday, reaching $36.70. The stock had a trading volume of 16,653 shares, compared to its average volume of 39,882. The firm’s fifty day simple moving average is $37.07 and its 200-day simple moving average is $37.21. AB High Yield ETF has a 1-year low of $36.54 and a 1-year high of $38.27.

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.