FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Sees Large Drop in Short Interest

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the target of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 39,003 shares, a drop of 53.6% from the August 31st total of 83,988 shares. Currently, 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 28,986 shares, the days-to-cover ratio is currently 1.3 days.

FT Vest High Yield & Target Income ETF Stock Performance

Shares of HYTI stock traded down $0.04 during mid-day trading on Monday, reaching $18.46. 4,765 shares of the company’s stock traded hands, compared to its average volume of 33,801. FT Vest High Yield & Target Income ETF has a 12 month low of $18.43 and a 12 month high of $20.15. The company’s 50-day moving average price is $18.88 and its 200-day moving average price is $19.09.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HYTI. Bullseye Investment Management LLC bought a new stake in FT Vest High Yield & Target Income ETF during the second quarter worth about $123,000. Triad Wealth Partners LLC bought a new position in shares of FT Vest High Yield & Target Income ETF during the first quarter valued at approximately $275,000. International Assets Investment Management LLC bought a new position in shares of FT Vest High Yield & Target Income ETF during the first quarter valued at approximately $322,000. Harbour Investments Inc. lifted its holdings in shares of FT Vest High Yield & Target Income ETF by 116.3% during the fourth quarter. Harbour Investments Inc. now owns 17,569 shares of the company’s stock valued at $348,000 after purchasing an additional 9,448 shares during the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of FT Vest High Yield & Target Income ETF in the 2nd quarter worth approximately $387,000.

About FT Vest High Yield & Target Income ETF

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.