AB High Yield ETF (NYSEARCA:HYFI) Stock Short Interest Jumps 170.7%

AB High Yield ETF (NYSEARCA:HYFI) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 8,424 shares, a growth of 170.7% from the September 15th total of 3,112 shares. Based on an average trading volume of 43,082 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC grew its holdings in AB High Yield ETF by 7.1% during the 1st quarter. Kestra Advisory Services LLC now owns 31,130 shares of the company’s stock worth $1,158,000 after acquiring an additional 2,074 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of AB High Yield ETF by 1.0% in the second quarter. Envestnet Asset Management Inc. now owns 269,296 shares of the company’s stock worth $10,055,000 after acquiring an additional 2,791 shares during the last quarter. Assetmark Inc. raised its stake in shares of AB High Yield ETF by 0.8% in the first quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock worth $16,718,000 after acquiring an additional 3,585 shares during the last quarter. Anderson Financial Strategies LLC raised its stake in shares of AB High Yield ETF by 1.7% in the fourth quarter. Anderson Financial Strategies LLC now owns 234,943 shares of the company’s stock worth $8,829,000 after acquiring an additional 3,997 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of 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 purchasing an additional 6,068 shares in the last quarter.

AB High Yield ETF Price Performance

Shares of HYFI stock traded down $0.14 during mid-day trading on Wednesday, reaching $35.87. The stock had a trading volume of 7,779 shares, compared to its average volume of 43,544. AB High Yield ETF has a one year low of $35.69 and a one year high of $38.27. The firm’s 50 day simple moving average is $36.72 and its 200 day simple moving average is $37.07.

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.