AB High Yield ETF (NYSEARCA:HYFI – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totaling 17,483 shares, a growth of 107.5% from the September 30th total of 8,424 shares. Based on an average daily trading volume, of 102,842 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are short sold.
AB High Yield ETF Trading Down 0.1%
AB High Yield ETF stock traded down $0.05 during mid-day trading on Friday, hitting $36.13. 260,223 shares of the company’s stock traded hands, compared to its average volume of 46,176. AB High Yield ETF has a fifty-two week low of $35.64 and a fifty-two week high of $37.96. The firm has a 50 day simple moving average of $36.42 and a two-hundred day simple moving average of $37.12.
Institutional Trading of AB High Yield ETF
Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC grew its stake in shares of AB High Yield ETF by 6,742.2% in the 2nd quarter. NewEdge Advisors LLC now owns 6,158 shares of the company’s stock valued at $230,000 after buying an additional 6,068 shares during the period. Fifth Third Bancorp acquired a new position in shares of AB High Yield ETF during the first quarter worth $304,000. Citadel Advisors LLC bought a new position in shares of AB High Yield ETF during the second quarter valued at approximately $642,000. Baer Investment Advisory LLC bought a new position in AB High Yield ETF during the 1st quarter valued at $954,000. Finally, Kestra Advisory Services LLC lifted its holdings 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 purchasing an additional 2,074 shares in the last quarter.
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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