Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Expands By 145.2%

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

AB High Yield ETF Trading Up 0.1%

Shares of HYFI stock traded up $0.04 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 200-day simple moving average is $37.60. AB High Yield ETF has a 1 year low of $34.74 and a 1 year high of $40.14.

Institutional Investors Weigh In On AB High Yield ETF

Institutional investors have recently made changes to their positions in the company. Victory Financial Group LLC grew its holdings in AB High Yield ETF by 17.2% during the 3rd quarter. Victory Financial Group LLC now owns 20,352 shares of the company’s stock valued at $772,000 after purchasing an additional 2,991 shares during the last quarter. Mariner LLC boosted its position in shares of AB High Yield ETF by 33.1% during the third quarter. Mariner LLC now owns 15,846 shares of the company’s stock valued at $601,000 after buying an additional 3,938 shares during the period. Flow Traders U.S. LLC bought a new position in shares of AB High Yield ETF during the third quarter valued at approximately $462,000. Raymond James Financial Inc. raised its holdings in shares of AB High Yield ETF by 12.9% in the third quarter. Raymond James Financial Inc. now owns 297,933 shares of the company’s stock worth $11,308,000 after buying an additional 33,970 shares during the period. Finally, Comerica Bank raised its holdings in shares of AB High Yield ETF by 41.4% in the third quarter. Comerica Bank now owns 8,243 shares of the company’s stock worth $313,000 after buying an additional 2,415 shares during the period.

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.