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

AB High Yield ETF (NYSEARCA:HYFI) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 3,112 shares, a decrease of 47.6% from the August 31st total of 5,935 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 38,532 shares, the short-interest ratio is presently 0.1 days.

AB High Yield ETF Price Performance

HYFI traded down $0.15 during mid-day trading on Thursday, reaching $35.95. 464,095 shares of the company traded hands, compared to its average volume of 42,448. AB High Yield ETF has a 52-week low of $35.69 and a 52-week high of $38.27. The company’s fifty day moving average price is $36.90 and its 200-day moving average price is $37.14.

Hedge Funds Weigh In On AB High Yield ETF

Institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its holdings in 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 worth $10,055,000 after acquiring an additional 2,791 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in AB High Yield ETF by 6,742.2% during the second quarter. NewEdge Advisors LLC now owns 6,158 shares of the company’s stock valued at $230,000 after purchasing an additional 6,068 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of AB High Yield ETF in the second quarter worth approximately $642,000. Western Wealth Management LLC boosted its position in shares of AB High Yield ETF by 180.7% in the first quarter. Western Wealth Management LLC now owns 69,115 shares of the company’s stock worth $2,570,000 after purchasing an additional 44,492 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in shares of AB High Yield ETF in the first quarter worth $24,402,000.

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.