AB High Yield ETF (NYSEARCA:HYFI) Short Interest Up 410.4% in August

AB High Yield ETF (NYSEARCA:HYFI) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 9,693 shares, an increase of 410.4% from the July 30th total of 1,899 shares. Based on an average daily volume of 39,278 shares, the short-interest ratio is currently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

AB High Yield ETF Price Performance

HYFI traded down $0.03 during mid-day trading on Wednesday, reaching $37.24. 10,325 shares of the company traded hands, compared to its average volume of 40,238. The company’s fifty day moving average price is $37.18 and its 200-day moving average price is $37.29. AB High Yield ETF has a 52-week low of $36.64 and a 52-week high of $38.27.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. SageGuard Financial Group LLC purchased a new position in shares of AB High Yield ETF during the 1st quarter worth $1,442,000. Baer Investment Advisory LLC purchased a new position in shares of AB High Yield ETF in the first quarter valued at about $954,000. Wagner Wealth Management LLC boosted 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 worth $24,296,000 after acquiring an additional 41,688 shares during the period. Western Wealth Management LLC boosted its stake 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 acquiring an additional 44,492 shares during the period. Finally, Arkadios Wealth Advisors purchased a new stake in shares of AB High Yield ETF during the first quarter worth about $24,402,000.

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.