FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Short Interest Update

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the recipient of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 20,811 shares, a decrease of 43.4% from the May 14th total of 36,779 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 31,662 shares, the days-to-cover ratio is presently 0.7 days.

FT Vest High Yield & Target Income ETF Stock Performance

Shares of NYSEARCA:HYTI traded up $0.02 during trading on Monday, reaching $19.17. 10,663 shares of the company traded hands, compared to its average volume of 35,364. FT Vest High Yield & Target Income ETF has a 52 week low of $19.02 and a 52 week high of $20.45. The company’s 50 day moving average is $19.26 and its two-hundred day moving average is $19.46.

Hedge Funds Weigh In On FT Vest High Yield & Target Income ETF

Several large investors have recently bought and sold shares of HYTI. Jane Street Group LLC bought a new position in FT Vest High Yield & Target Income ETF in the first quarter valued at about $1,333,000. Envestnet Asset Management Inc. bought a new position in FT Vest High Yield & Target Income ETF in the third quarter valued at about $368,000. Ameritas Advisory Services LLC bought a new position in FT Vest High Yield & Target Income ETF in the third quarter valued at about $501,000. Ferguson Shapiro LLC bought a new position in FT Vest High Yield & Target Income ETF in the third quarter valued at about $210,000. Finally, Insight Advisors LLC PA raised its position in FT Vest High Yield & Target Income ETF by 401.9% in the third quarter. Insight Advisors LLC PA now owns 158,709 shares of the company’s stock valued at $3,173,000 after purchasing an additional 127,089 shares during the last quarter.

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.