FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Sees Large Drop in Short Interest

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 20,811 shares, a decline of 43.4% from the May 14th total of 36,779 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 31,662 shares, the short-interest ratio is presently 0.7 days.

FT Vest High Yield & Target Income ETF Stock Performance

Shares of HYTI opened at $19.15 on Friday. The company has a 50-day moving average of $19.26 and a two-hundred day moving average of $19.47. FT Vest High Yield & Target Income ETF has a 12-month low of $19.02 and a 12-month high of $20.45.

Hedge Funds Weigh In On FT Vest High Yield & Target Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HYTI. Jane Street Group LLC acquired a new position in FT Vest High Yield & Target Income ETF during the first quarter worth about $1,333,000. Envestnet Asset Management Inc. acquired a new position in FT Vest High Yield & Target Income ETF during the third quarter worth about $368,000. Ameritas Advisory Services LLC acquired a new position in FT Vest High Yield & Target Income ETF during the third quarter worth about $501,000. Ferguson Shapiro LLC acquired a new position in FT Vest High Yield & Target Income ETF during the third quarter worth about $210,000. Finally, Insight Advisors LLC PA raised its position in FT Vest High Yield & Target Income ETF by 401.9% during the third quarter. Insight Advisors LLC PA now owns 158,709 shares of the company’s stock worth $3,173,000 after acquiring an additional 127,089 shares during the last quarter.

About FT Vest High Yield & Target Income ETF

The FT Vest High Yield & Target Income ETF (HYTI) is an exchange-traded fund that mostly invests in high yield fixed income. The fund is an actively managed fund that seeks to provide current income and capital appreciation through a synthetic long exposure to the iShares iBoxx High Yield Corporate Bond ETF (HYG) and a partial covered call strategy. It seeks an annual rate of approximately 5% over HYGs current annual yield HYTI was launched on Feb 12, 2025 and is issued by First Trust.