FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Short Interest Up 134.7% in July

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 46,930 shares, an increase of 134.7% from the July 15th total of 20,000 shares. Based on an average daily volume of 17,509 shares, the short-interest ratio is presently 2.7 days. Currently, 1.0% of the company’s stock are sold short.

FT Vest High Yield & Target Income ETF Price Performance

NYSEARCA HYTI traded down $0.02 during trading on Friday, hitting $19.01. The company’s stock had a trading volume of 11,747 shares, compared to its average volume of 33,290. The business’s 50 day simple moving average is $19.04 and its 200-day simple moving average is $19.25. FT Vest High Yield & Target Income ETF has a fifty-two week low of $18.85 and a fifty-two week high of $20.15.

Institutional Investors Weigh In On FT Vest High Yield & Target Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of HYTI. Jane Street Group LLC acquired a new position in FT Vest High Yield & Target Income ETF during the first quarter valued at $1,333,000. Envestnet Asset Management Inc. acquired a new stake in FT Vest High Yield & Target Income ETF in the 3rd quarter worth about $368,000. Citadel Advisors LLC acquired a new stake in shares of FT Vest High Yield & Target Income ETF in the third quarter worth approximately $246,000. Triumph Capital Management acquired a new stake in FT Vest High Yield & Target Income ETF during the 3rd quarter worth $25,000. Finally, Nations Financial Group Inc. IA ADV acquired a new position in FT Vest High Yield & Target Income ETF during the fourth quarter worth about $1,792,000.

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.