AB High Yield ETF (NYSEARCA:HYFI) Stock Short Interest Rises 107.5%

AB High Yield ETF (NYSEARCA:HYFI) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 17,483 shares, an increase of 107.5% from the September 30th total of 8,424 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily volume of 102,842 shares, the days-to-cover ratio is presently 0.2 days.

AB High Yield ETF Price Performance

Shares of AB High Yield ETF stock traded down $0.05 on Friday, hitting $36.13. The company’s stock had a trading volume of 260,223 shares, compared to its average volume of 46,176. The firm has a fifty day moving average price of $36.42 and a 200-day moving average price of $37.12. AB High Yield ETF has a 52-week low of $35.64 and a 52-week high of $37.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Financial Group LLC lifted its stake in shares of AB High Yield ETF by 34.2% during the 3rd quarter. Victory Financial Group LLC now owns 39,571 shares of the company’s stock worth $1,429,000 after purchasing an additional 10,089 shares during the period. Envestnet Asset Management Inc. lifted its stake in AB High Yield ETF by 1.0% during the second quarter. Envestnet Asset Management Inc. now owns 269,296 shares of the company’s stock worth $10,055,000 after purchasing an additional 2,791 shares during the last quarter. NewEdge Advisors LLC raised its stake in AB High Yield ETF by 6,742.2% during the second quarter. NewEdge Advisors LLC now owns 6,158 shares of the company’s stock worth $230,000 after acquiring an additional 6,068 shares during the period. Citadel Advisors LLC acquired a new stake in shares of AB High Yield ETF during the 2nd quarter worth approximately $642,000. Finally, Western Wealth Management LLC grew its stake in AB High Yield ETF by 180.7% during the 1st quarter. Western Wealth Management LLC now owns 69,115 shares of the company’s stock worth $2,570,000 after buying an additional 44,492 shares during the last quarter.

About AB High Yield ETF

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.