AB High Yield ETF (NYSEARCA:HYFI) Sees Significant Growth in Short Interest

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 41,015 shares, an increase of 145.2% from the November 30th total of 16,725 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 26,138 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 26,138 shares, the short-interest ratio is currently 1.6 days. Approximately 0.5% of the shares of the stock are short sold.

AB High Yield ETF Stock Up 0.1%

Shares of HYFI stock traded up $0.04 during midday trading on Friday, reaching $37.91. 8,962 shares of the company were exchanged, compared to its average volume of 37,887. The company’s 50 day moving average price is $37.70 and its two-hundred day moving average price is $37.60. AB High Yield ETF has a 12 month low of $34.74 and a 12 month high of $40.14.

Hedge Funds Weigh In On AB High Yield ETF

Several hedge funds have recently modified their holdings of the company. Assetmark Inc. bought a new stake in shares of AB High Yield ETF in the 3rd quarter worth $9,970,000. Advisory Resource Group acquired a new position in AB High Yield ETF during the third quarter worth about $4,599,000. Envestnet Asset Management Inc. raised its position in AB High Yield ETF by 116.2% in the third quarter. Envestnet Asset Management Inc. now owns 211,267 shares of the company’s stock worth $8,019,000 after acquiring an additional 113,570 shares in the last quarter. Good Steward Wealth Advisors LLC lifted its holdings in AB High Yield ETF by 47.7% in the 2nd quarter. Good Steward Wealth Advisors LLC now owns 262,355 shares of the company’s stock valued at $9,831,000 after acquiring an additional 84,747 shares during the last quarter. Finally, Wagner Wealth Management LLC boosted its position in shares of AB High Yield ETF by 6.2% during the 3rd quarter. Wagner Wealth Management LLC now owns 604,838 shares of the company’s stock valued at $22,956,000 after purchasing an additional 35,398 shares in the last quarter.

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.