AB High Yield ETF (NYSEARCA:HYFI) Short Interest Update

AB High Yield ETF (NYSEARCA:HYFI) was the target of a large growth in short interest in the month of February. As of February 27th, there was short interest totaling 30,008 shares, a growth of 128.7% from the February 12th total of 13,123 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 53,237 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 53,237 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are sold short.

AB High Yield ETF Price Performance

HYFI stock opened at $37.20 on Thursday. The stock has a 50-day moving average price of $37.69 and a two-hundred day moving average price of $37.72. AB High Yield ETF has a 12-month low of $34.74 and a 12-month high of $38.27.

AB High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.2012 dividend. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Trading of AB High Yield ETF

A number of institutional investors have recently modified their holdings of HYFI. LPL Financial LLC lifted its position in AB High Yield ETF by 17.5% during the fourth quarter. LPL Financial LLC now owns 2,794,927 shares of the company’s stock valued at $105,033,000 after buying an additional 416,410 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of AB High Yield ETF in the third quarter worth $9,970,000. Advisory Resource Group acquired a new stake in shares of AB High Yield ETF in the third quarter worth $4,599,000. Envestnet Asset Management Inc. raised its stake in shares of AB High Yield ETF by 116.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 211,267 shares of the company’s stock valued at $8,019,000 after acquiring an additional 113,570 shares during the period. Finally, Jane Street Group LLC raised its stake in shares of AB High Yield ETF by 164.7% in the 4th quarter. Jane Street Group LLC now owns 92,413 shares of the company’s stock valued at $3,473,000 after acquiring an additional 57,501 shares during the period.

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.