Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Increases By 87.8%

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 11,910 shares, an increase of 87.8% from the January 15th total of 6,342 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 44,062 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 44,062 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of AB High Yield ETF

Large investors have recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of AB High Yield ETF by 17.5% in the fourth quarter. LPL Financial LLC now owns 2,794,927 shares of the company’s stock valued at $105,033,000 after buying an additional 416,410 shares in the last quarter. Assetmark Inc. acquired a new stake in AB High Yield ETF in the 3rd quarter valued at about $9,970,000. Advisory Resource Group purchased a new position in AB High Yield ETF during the 3rd quarter valued at about $4,599,000. Envestnet Asset Management Inc. raised its position in AB High Yield ETF by 116.2% during the third quarter. Envestnet Asset Management Inc. now owns 211,267 shares of the company’s stock worth $8,019,000 after acquiring an additional 113,570 shares during the last quarter. Finally, Jane Street Group LLC raised its position in AB High Yield ETF by 164.7% during the fourth quarter. Jane Street Group LLC now owns 92,413 shares of the company’s stock worth $3,473,000 after acquiring an additional 57,501 shares during the last quarter.

AB High Yield ETF Trading Down 0.1%

AB High Yield ETF stock traded down $0.02 during mid-day trading on Friday, reaching $37.70. The company had a trading volume of 36,438 shares, compared to its average volume of 34,751. AB High Yield ETF has a 1 year low of $34.74 and a 1 year high of $40.14. The stock’s 50-day simple moving average is $37.76 and its 200-day simple moving average is $37.71.

AB High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.2113 dividend. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Monday, February 2nd.

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.