AB High Yield ETF (NYSEARCA:HYFI – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,112 shares, a decrease of 47.6% from the August 31st total of 5,935 shares. Based on an average trading volume of 38,532 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
AB High Yield ETF Stock Down 0.0%
Shares of NYSEARCA HYFI traded down $0.01 during mid-day trading on Wednesday, hitting $36.10. The company had a trading volume of 82,695 shares, compared to its average volume of 40,194. The business’s 50-day simple moving average is $36.90 and its 200 day simple moving average is $37.14. AB High Yield ETF has a 1-year low of $36.04 and a 1-year high of $38.27.
Institutional Investors Weigh In On AB High Yield ETF
A number of hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its position in shares of AB High Yield ETF by 6,742.2% during the second quarter. NewEdge Advisors LLC now owns 6,158 shares of the company’s stock worth $230,000 after buying an additional 6,068 shares in the last quarter. Fifth Third Bancorp acquired a new stake in AB High Yield ETF in the first quarter valued at approximately $304,000. Beto Financial Group LLC acquired a new stake in AB High Yield ETF in the fourth quarter valued at approximately $424,000. Citadel Advisors LLC purchased a new position in AB High Yield ETF in the second quarter worth approximately $642,000. Finally, Kingsview Wealth Management LLC lifted its stake in AB High Yield ETF by 55.0% in the fourth quarter. Kingsview Wealth Management LLC now owns 18,928 shares of the company’s stock worth $711,000 after acquiring an additional 6,718 shares during the last quarter.
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.
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