AB High Yield ETF (NYSEARCA:HYFI – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 5,935 shares, a decrease of 38.8% from the August 15th total of 9,693 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 28,894 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Arkadios Wealth Advisors acquired a new stake in shares of AB High Yield ETF during the first quarter worth $24,402,000. Western Wealth Management LLC boosted its stake in AB High Yield ETF by 180.7% in 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 during the period. SageGuard Financial Group LLC acquired a new position in AB High Yield ETF in the 1st quarter worth $1,442,000. Baer Investment Advisory LLC bought a new position in AB High Yield ETF during the 1st quarter worth about $954,000. Finally, Citadel Advisors LLC bought a new position in AB High Yield ETF during the 2nd quarter worth about $642,000.
AB High Yield ETF Price Performance
HYFI traded up $0.13 during midday trading on Wednesday, reaching $36.70. 16,653 shares of the company were exchanged, compared to its average volume of 39,882. AB High Yield ETF has a one year low of $36.54 and a one year high of $38.27. The stock’s 50-day simple moving average is $37.07 and its 200 day simple moving average is $37.21.
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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