Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Drops By 94.6%

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,612 shares, a decrease of 94.6% from the February 26th total of 30,008 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 35,005 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 35,005 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

AB High Yield ETF Stock Down 0.5%

AB High Yield ETF stock traded down $0.20 during mid-day trading on Tuesday, reaching $36.86. 20,322 shares of the company were exchanged, compared to its average volume of 36,645. AB High Yield ETF has a twelve month low of $34.74 and a twelve month high of $38.27. The firm’s 50-day simple moving average is $37.56 and its two-hundred day simple moving average is $37.67.

AB High Yield ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.2012 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On AB High Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of HYFI. LPL Financial LLC grew its stake in shares of AB High Yield ETF by 17.5% during the 4th quarter. LPL Financial LLC now owns 2,794,927 shares of the company’s stock worth $105,033,000 after purchasing an additional 416,410 shares during the period. Wagner Wealth Management LLC lifted its stake in shares of AB High Yield ETF by 6.9% in the fourth quarter. Wagner Wealth Management LLC now owns 646,526 shares of the company’s stock valued at $24,296,000 after purchasing an additional 41,688 shares during the period. Assetmark Inc. lifted its stake in shares of AB High Yield ETF by 69.8% in the fourth quarter. Assetmark Inc. now owns 445,950 shares of the company’s stock valued at $16,759,000 after purchasing an additional 183,271 shares during the period. Raymond James Financial Inc. grew its position in AB High Yield ETF by 12.9% during the third quarter. Raymond James Financial Inc. now owns 297,933 shares of the company’s stock worth $11,308,000 after buying an additional 33,970 shares during the period. Finally, Anderson Financial Strategies LLC grew its position in AB High Yield ETF by 1.7% during the fourth quarter. Anderson Financial Strategies LLC now owns 234,943 shares of the company’s stock worth $8,829,000 after buying an additional 3,997 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.