AB High Yield ETF (NYSEARCA:HYFI) Short Interest Up 482.9% in May

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 13,454 shares, an increase of 482.9% from the April 30th total of 2,308 shares. Based on an average daily trading volume, of 28,862 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

AB High Yield ETF Trading Up 0.1%

HYFI stock traded up $0.03 on Thursday, hitting $37.48. The company had a trading volume of 21,154 shares, compared to its average volume of 35,276. AB High Yield ETF has a 12-month low of $36.64 and a 12-month high of $38.27. The stock’s 50-day simple moving average is $37.27 and its 200 day simple moving average is $37.53.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. purchased a new position in shares of AB High Yield ETF during the 3rd quarter worth $66,000. TFB Advisors LLC purchased a new position in shares of AB High Yield ETF during the 3rd quarter worth $208,000. NewEdge Advisors LLC boosted its stake in shares of AB High Yield ETF by 6,057.8% during the 4th quarter. NewEdge Advisors LLC now owns 5,542 shares of the company’s stock worth $208,000 after acquiring an additional 5,452 shares during the last quarter. Sage Advisory Services Ltd.Co. bought a new stake in shares of AB High Yield ETF during the 3rd quarter valued at $281,000. Finally, Fifth Third Bancorp bought a new stake in AB High Yield ETF in the 1st quarter valued at $304,000.

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.