AB High Yield ETF (NYSEARCA:HYFI) Sees Large Increase in Short Interest

AB High Yield ETF (NYSEARCA:HYFI) saw a large increase in short interest in December. As of December 15th, there was short interest totaling 41,015 shares, an increase of 145.2% from the November 30th total of 16,725 shares. Based on an average daily volume of 26,138 shares, the short-interest ratio is presently 1.6 days. Currently, 0.5% of the company’s stock are sold short. Currently, 0.5% of the company’s stock are sold short. Based on an average daily volume of 26,138 shares, the short-interest ratio is presently 1.6 days.

AB High Yield ETF Stock Up 0.1%

Shares of AB High Yield ETF stock traded up $0.04 during trading hours on Friday, reaching $37.91. The company’s stock had a trading volume of 8,962 shares, compared to its average volume of 37,887. The stock’s fifty day simple moving average is $37.70 and its two-hundred day simple moving average is $37.60. AB High Yield ETF has a one year low of $34.74 and a one year high of $40.14.

Institutional Trading of AB High Yield ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Focus Financial Network Inc. bought a new stake in shares of AB High Yield ETF in the 2nd quarter worth $317,000. Raymond James Financial Inc. increased its stake in AB High Yield ETF by 0.6% in the 1st quarter. Raymond James Financial Inc. now owns 255,193 shares of the company’s stock valued at $9,401,000 after buying an additional 1,549 shares during the last quarter. Wagner Wealth Management LLC lifted its position in shares of AB High Yield ETF by 2.1% during the 2nd quarter. Wagner Wealth Management LLC now owns 569,440 shares of the company’s stock worth $21,339,000 after buying an additional 11,534 shares in the last quarter. Good Steward Wealth Advisors LLC boosted its stake in shares of AB High Yield ETF by 47.7% in the 2nd quarter. Good Steward Wealth Advisors LLC now owns 262,355 shares of the company’s stock worth $9,831,000 after buying an additional 84,747 shares during the last quarter. Finally, Comerica Bank grew its holdings in shares of AB High Yield ETF by 132.0% in the first quarter. Comerica Bank now owns 5,828 shares of the company’s stock valued at $215,000 after acquiring an additional 3,316 shares in 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.