AB High Yield ETF (NYSEARCA:HYFI) Short Interest Down 86.8% in July

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a significant decline in short interest in July. As of July 31st, there was short interest totaling 1,899 shares, a decline of 86.8% from the July 15th total of 14,420 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 29,000 shares, the short-interest ratio is presently 0.1 days.

AB High Yield ETF Price Performance

NYSEARCA HYFI traded up $0.01 during trading hours on Wednesday, hitting $37.17. 9,588 shares of the company were exchanged, compared to its average volume of 41,031. The company has a 50 day moving average of $37.20 and a two-hundred day moving average of $37.34. AB High Yield ETF has a 52-week low of $36.64 and a 52-week high of $38.27.

Hedge Funds Weigh In On AB High Yield ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HYFI. JPMorgan Chase & Co. acquired a new stake in shares of AB High Yield ETF in the 2nd quarter valued at about $907,000. Raymond James Financial Inc. lifted its stake in AB High Yield ETF by 3.4% in the second quarter. Raymond James Financial Inc. now owns 263,963 shares of the company’s stock valued at $9,891,000 after buying an additional 8,770 shares during the last quarter. UBS Group AG lifted its stake in AB High Yield ETF by 14.7% in the third quarter. UBS Group AG now owns 29,413 shares of the company’s stock valued at $1,116,000 after buying an additional 3,771 shares during the last quarter. Comerica Bank boosted 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 valued at $313,000 after acquiring an additional 2,415 shares during the period. Finally, Flow Traders U.S. LLC acquired a new stake in shares of AB High Yield ETF in the third quarter valued at approximately $462,000.

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.