Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Decreases By 58.4%

AB High Yield ETF (NYSEARCA:HYFI) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 6,342 shares, a decrease of 58.4% from the December 31st total of 15,244 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 23,560 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 23,560 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the shares of the stock are short sold.

AB High Yield ETF Price Performance

NYSEARCA:HYFI traded up $0.02 during midday trading on Friday, hitting $37.91. 20,146 shares of the stock were exchanged, compared to its average volume of 33,762. AB High Yield ETF has a one year low of $34.74 and a one year high of $40.14. The business has a 50-day moving average price of $37.77 and a two-hundred day moving average price of $37.70.

Hedge Funds Weigh In On AB High Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Global Retirement Partners LLC boosted its holdings in shares of AB High Yield ETF by 204.5% in the third quarter. Global Retirement Partners LLC now owns 1,416 shares of the company’s stock worth $54,000 after buying an additional 951 shares during the period. PNC Financial Services Group Inc. purchased a new stake in shares of AB High Yield ETF in the 3rd quarter valued at approximately $66,000. TFB Advisors LLC acquired a new position in AB High Yield ETF in the 3rd quarter worth approximately $208,000. JGP Wealth Management LLC acquired a new position in AB High Yield ETF in the 2nd quarter worth approximately $208,000. Finally, Perigon Wealth Management LLC purchased a new position in AB High Yield ETF during the 3rd quarter worth approximately $247,000.

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.