AB High Yield ETF (NYSEARCA:HYFI – Get Free Report) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 8,424 shares, an increase of 170.7% from the September 15th total of 3,112 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 43,082 shares, the days-to-cover ratio is presently 0.2 days.
Institutional Trading of AB High Yield ETF
Several institutional investors have recently added to or reduced their stakes in HYFI. Kestra Advisory Services LLC grew its stake in shares of AB High Yield ETF by 7.1% in the first quarter. Kestra Advisory Services LLC now owns 31,130 shares of the company’s stock valued at $1,158,000 after buying an additional 2,074 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of AB High Yield ETF by 1.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 269,296 shares of the company’s stock valued at $10,055,000 after buying an additional 2,791 shares during the period. Assetmark Inc. raised its holdings in shares of AB High Yield ETF by 0.8% in the 1st quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock valued at $16,718,000 after buying an additional 3,585 shares during the period. Anderson Financial Strategies LLC lifted its stake in AB High Yield ETF by 1.7% during the 4th quarter. Anderson Financial Strategies LLC now owns 234,943 shares of the company’s stock worth $8,829,000 after acquiring an additional 3,997 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in AB High Yield ETF by 6,742.2% during the 2nd quarter. NewEdge Advisors LLC now owns 6,158 shares of the company’s stock worth $230,000 after acquiring an additional 6,068 shares in the last quarter.
AB High Yield ETF Stock Performance
Shares of AB High Yield ETF stock traded down $0.02 during mid-day trading on Monday, hitting $36.07. The stock had a trading volume of 34,973 shares, compared to its average volume of 43,796. AB High Yield ETF has a 12-month low of $35.69 and a 12-month high of $38.27. The firm has a 50-day moving average of $36.76 and a two-hundred day moving average of $37.09.
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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