Short Interest in FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Grows By 238.7%

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 44,209 shares, an increase of 238.7% from the April 15th total of 13,051 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average daily volume of 27,380 shares, the short-interest ratio is presently 1.6 days.

FT Vest High Yield & Target Income ETF Stock Performance

NYSEARCA:HYTI traded up $0.01 during mid-day trading on Thursday, hitting $19.24. 19,188 shares of the stock were exchanged, compared to its average volume of 37,662. The firm’s 50-day simple moving average is $19.28 and its 200 day simple moving average is $19.55. FT Vest High Yield & Target Income ETF has a fifty-two week low of $19.03 and a fifty-two week high of $21.94.

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

Hedge funds have recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in FT Vest High Yield & Target Income ETF during the 3rd quarter worth $25,000. Ferguson Shapiro LLC bought a new position in FT Vest High Yield & Target Income ETF during the 3rd quarter worth $210,000. Integrated Wealth Concepts LLC bought a new position in FT Vest High Yield & Target Income ETF during the 4th quarter worth $228,000. Citadel Advisors LLC bought a new position in FT Vest High Yield & Target Income ETF during the 3rd quarter worth $246,000. Finally, Triad Wealth Partners LLC bought a new position in FT Vest High Yield & Target Income ETF during the 1st quarter worth $275,000.

FT Vest High Yield & Target Income ETF Company Profile

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.