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 May. As of May 15th, there was short interest totaling 13,454 shares, a growth of 482.9% from the April 30th total of 2,308 shares. Based on an average trading volume of 28,862 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Western Wealth Management LLC grew its position in shares of AB High Yield ETF by 180.7% during the 1st quarter. Western Wealth Management LLC now owns 69,115 shares of the company’s stock valued at $2,570,000 after purchasing an additional 44,492 shares in the last quarter. Arkadios Wealth Advisors purchased a new position in shares of AB High Yield ETF during the 1st quarter valued at $24,402,000. Assetmark Inc. grew its position in shares of AB High Yield ETF by 0.8% during the 1st quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock valued at $16,718,000 after purchasing an additional 3,585 shares in the last quarter. Fifth Third Bancorp purchased a new position in shares of AB High Yield ETF during the 1st quarter valued at $304,000. Finally, Kestra Advisory Services LLC grew its position in shares of AB High Yield ETF by 7.1% during the 1st 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.

AB High Yield ETF Trading Up 0.2%

HYFI stock traded up $0.07 during midday trading on Friday, reaching $37.55. 25,417 shares of the company’s stock traded hands, compared to its average volume of 35,183. The company has a 50-day moving average price of $37.29 and a two-hundred day moving average price of $37.53. AB High Yield ETF has a 52 week low of $36.64 and a 52 week high of $38.27.

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.