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

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 16,498 shares, a growth of 25.6% from the March 31st total of 13,131 shares. Based on an average daily trading volume, of 46,482 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On AB High Yield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of HYFI. Global Retirement Partners LLC boosted its stake in shares of AB High Yield ETF by 204.5% in the 3rd quarter. Global Retirement Partners LLC now owns 1,416 shares of the company’s stock worth $54,000 after buying an additional 951 shares during the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of AB High Yield ETF in the 3rd quarter worth approximately $66,000. TFB Advisors LLC purchased a new position in shares of AB High Yield ETF in the 3rd quarter worth approximately $208,000. NewEdge Advisors LLC boosted its stake in shares of AB High Yield ETF by 6,057.8% in the 4th quarter. NewEdge Advisors LLC now owns 5,542 shares of the company’s stock worth $208,000 after buying an additional 5,452 shares during the last quarter. Finally, Perigon Wealth Management LLC purchased a new position in shares of AB High Yield ETF in the 3rd quarter worth approximately $247,000.

AB High Yield ETF Price Performance

Shares of NYSEARCA HYFI traded down $0.18 during midday trading on Friday, reaching $37.37. The company’s stock had a trading volume of 19,741 shares, compared to its average volume of 36,194. AB High Yield ETF has a 12-month low of $36.46 and a 12-month high of $38.27. The firm has a 50 day moving average price of $37.30 and a 200-day moving average price of $37.57.

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.