AB High Yield ETF (NYSEARCA:HYFI) Shares Shorted: Short Interest Up 170.7% in September

AB High Yield ETF (NYSEARCA:HYFI) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 8,424 shares, a growth of 170.7% from the September 15th total of 3,112 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 43,082 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On AB High Yield ETF

Several institutional investors have recently modified their holdings of the business. SageGuard Financial Group LLC purchased a new stake in shares of AB High Yield ETF during the first quarter worth $1,442,000. Citadel Advisors LLC purchased a new position in AB High Yield ETF in the second quarter valued at $642,000. Baer Investment Advisory LLC purchased a new position in AB High Yield ETF in the first quarter valued at $954,000. Western Wealth Management LLC grew its stake in AB High Yield ETF by 180.7% during the 1st quarter. Western Wealth Management LLC now owns 69,115 shares of the company’s stock worth $2,570,000 after purchasing an additional 44,492 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in AB High Yield ETF during the 1st quarter worth $24,402,000.

AB High Yield ETF Trading Down 0.1%

Shares of HYFI stock traded down $0.02 during trading on Monday, reaching $36.07. The company’s stock had a trading volume of 34,973 shares, compared to its average volume of 43,796. The stock’s 50-day moving average price is $36.76 and its 200 day moving average price is $37.09. AB High Yield ETF has a 1-year low of $35.69 and a 1-year 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.