AB High Yield ETF (NYSEARCA:HYFI – Get Free Report) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 9,693 shares, an increase of 410.4% from the July 30th total of 1,899 shares. Based on an average daily volume of 39,278 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.
AB High Yield ETF Price Performance
Shares of NYSEARCA:HYFI traded down $0.01 during midday trading on Thursday, reaching $37.23. 24,184 shares of the company’s stock were exchanged, compared to its average volume of 40,258. AB High Yield ETF has a 12 month low of $36.64 and a 12 month high of $38.27. The company’s 50 day simple moving average is $37.18 and its two-hundred day simple moving average is $37.29.
Institutional Trading of AB High Yield ETF
Hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC boosted its stake in AB High Yield ETF by 8.1% during the 4th quarter. Sanctuary Advisors LLC now owns 15,214 shares of the company’s stock valued at $572,000 after purchasing an additional 1,143 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of AB High Yield ETF by 6.1% in the fourth quarter. Kestra Advisory Services LLC now owns 29,056 shares of the company’s stock worth $1,092,000 after acquiring an additional 1,677 shares during the period. Mariner LLC raised its holdings in shares of AB High Yield ETF by 11.7% during the fourth quarter. Mariner LLC now owns 17,707 shares of the company’s stock valued at $665,000 after purchasing an additional 1,861 shares during the last quarter. Comerica Bank lifted its position in AB High Yield ETF by 41.4% during the third quarter. Comerica Bank now owns 8,243 shares of the company’s stock valued at $313,000 after purchasing an additional 2,415 shares during the period. Finally, Truist Financial Corp lifted its position in AB High Yield ETF by 10.3% during the fourth quarter. Truist Financial Corp now owns 28,650 shares of the company’s stock valued at $1,077,000 after purchasing an additional 2,681 shares during the period.
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.
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