AB High Yield ETF (NYSEARCA:HYFI) Sees Significant Drop in Short Interest

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 15,244 shares, a decline of 62.8% from the December 15th total of 41,015 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 36,405 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 36,405 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Trading of AB High Yield ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Global Retirement Partners LLC grew its stake in AB High Yield ETF by 204.5% in the third quarter. Global Retirement Partners LLC now owns 1,416 shares of the company’s stock worth $54,000 after purchasing an additional 951 shares in the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of AB High Yield ETF in the 3rd quarter worth $66,000. JGP Wealth Management LLC purchased a new stake in shares of AB High Yield ETF in the 2nd quarter worth $208,000. TFB Advisors LLC bought a new position in shares of AB High Yield ETF during the 3rd quarter worth $208,000. Finally, Perigon Wealth Management LLC purchased a new position in shares of AB High Yield ETF during the third quarter valued at $247,000.

AB High Yield ETF Trading Down 0.1%

Shares of NYSEARCA HYFI traded down $0.03 during mid-day trading on Wednesday, reaching $37.75. The company had a trading volume of 13,963 shares, compared to its average volume of 24,096. AB High Yield ETF has a 52 week low of $34.74 and a 52 week high of $40.14. The business’s 50-day moving average is $37.69 and its 200-day moving average is $37.66.

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.