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

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the recipient of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 14,422 shares, a drop of 63.0% from the September 15th total of 39,003 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 45,978 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of FT Vest High Yield & Target Income ETF

Hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC boosted its position in shares of FT Vest High Yield & Target Income ETF by 12.5% during the 1st quarter. Kestra Advisory Services LLC now owns 498,386 shares of the company’s stock valued at $9,599,000 after acquiring an additional 55,538 shares in the last quarter. SageGuard Financial Group LLC lifted its holdings in FT Vest High Yield & Target Income ETF by 73.2% during the 1st quarter. SageGuard Financial Group LLC now owns 153,528 shares of the company’s stock valued at $2,957,000 after purchasing an additional 64,884 shares during the last quarter. Brookstone Capital Management grew its stake in FT Vest High Yield & Target Income ETF by 12.6% during the first quarter. Brookstone Capital Management now owns 102,248 shares of the company’s stock worth $1,969,000 after buying an additional 11,432 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of FT Vest High Yield & Target Income ETF during the first quarter worth approximately $1,882,000. Finally, Balboa Wealth Partners acquired a new position in shares of FT Vest High Yield & Target Income ETF in the 1st quarter worth approximately $1,654,000.

FT Vest High Yield & Target Income ETF Price Performance

Shares of NYSEARCA HYTI traded down $0.02 during trading hours on Wednesday, hitting $18.26. 42,079 shares of the company’s stock were exchanged, compared to its average volume of 36,087. The company’s 50-day moving average price is $18.71 and its 200-day moving average price is $19.01. FT Vest High Yield & Target Income ETF has a 1-year low of $18.13 and a 1-year high of $20.15.

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.