AB High Yield ETF (NYSEARCA:HYFI) Sees Large Drop in Short Interest

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large decrease in short interest in October. As of October 30th, there was short interest totaling 4,480 shares, a decrease of 74.4% from the October 15th total of 17,483 shares. Based on an average trading volume of 91,322 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

AB High Yield ETF Stock Performance

Shares of AB High Yield ETF stock opened at $36.07 on Thursday. The business has a 50-day moving average of $36.24 and a 200 day moving average of $37.05. AB High Yield ETF has a 12 month low of $35.64 and a 12 month high of $37.96.

Institutional Trading of AB High Yield ETF

Hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC acquired a new position in shares of AB High Yield ETF in the second quarter valued at approximately $642,000. Western Wealth Management LLC increased 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 buying an additional 44,492 shares during the period. Arkadios Wealth Advisors acquired a new stake in AB High Yield ETF during the 1st quarter worth approximately $24,402,000. Assetmark Inc. lifted its holdings in AB High Yield ETF by 0.8% during the 1st quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock worth $16,718,000 after buying an additional 3,585 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in AB High Yield ETF during the 1st quarter worth approximately $304,000.

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.