Short Interest in FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Drops By 36.9%

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 17,032 shares, a drop of 36.9% from the June 15th total of 26,998 shares. Based on an average daily trading volume, of 45,167 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.4% of the shares of the stock are short sold.

FT Vest High Yield & Target Income ETF Trading Up 0.2%

FT Vest High Yield & Target Income ETF stock traded up $0.03 during mid-day trading on Friday, hitting $19.07. The company’s stock had a trading volume of 3,328 shares, compared to its average volume of 35,159. FT Vest High Yield & Target Income ETF has a twelve month low of $18.98 and a twelve month high of $20.15. The stock’s fifty day moving average price is $19.14 and its two-hundred day moving average price is $19.36.

Institutional Trading of FT Vest High Yield & Target Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Triumph Capital Management purchased a new position in shares of FT Vest High Yield & Target Income ETF during the 3rd quarter valued at $25,000. Integrated Wealth Concepts LLC purchased a new stake in shares of FT Vest High Yield & Target Income ETF during the fourth quarter worth $228,000. Citadel Advisors LLC acquired a new stake in FT Vest High Yield & Target Income ETF during the third quarter valued at $246,000. Triad Wealth Partners LLC acquired a new stake in FT Vest High Yield & Target Income ETF during the first quarter valued at $275,000. Finally, Capital Analysts LLC grew its stake in FT Vest High Yield & Target Income ETF by 314.6% in the fourth quarter. Capital Analysts LLC now owns 14,550 shares of the company’s stock valued at $287,000 after purchasing an additional 11,041 shares in the last quarter.

FT Vest High Yield & Target Income ETF Company Profile

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.