Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Decreases By 38.8%

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totaling 5,935 shares, a decrease of 38.8% from the August 15th total of 9,693 shares. Based on an average daily trading volume, of 28,894 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On AB High Yield ETF

Several institutional investors have recently modified their holdings of HYFI. Wagner Wealth Management LLC raised its position in AB High Yield ETF by 2.2% in the 1st quarter. Wagner Wealth Management LLC now owns 660,984 shares of the company’s stock worth $24,582,000 after buying an additional 14,458 shares during the last quarter. Arkadios Wealth Advisors bought a new stake in shares of AB High Yield ETF in the first quarter worth approximately $24,402,000. Assetmark Inc. grew its stake in shares of AB High Yield ETF by 0.8% in the first quarter. Assetmark Inc. now owns 449,535 shares of the company’s stock worth $16,718,000 after acquiring an additional 3,585 shares during the period. Anderson Financial Strategies LLC raised its holdings in shares of AB High Yield ETF by 1.7% during the fourth quarter. Anderson Financial Strategies LLC now owns 234,943 shares of the company’s stock valued at $8,829,000 after purchasing an additional 3,997 shares during the last quarter. Finally, Advisory Resource Group raised its holdings in shares of AB High Yield ETF by 6.0% during the fourth quarter. Advisory Resource Group now owns 128,497 shares of the company’s stock valued at $4,829,000 after purchasing an additional 7,320 shares during the last quarter.

AB High Yield ETF Price Performance

NYSEARCA HYFI traded down $0.10 during mid-day trading on Friday, reaching $36.62. The stock had a trading volume of 59,590 shares, compared to its average volume of 40,016. AB High Yield ETF has a 1 year low of $36.50 and a 1 year high of $38.27. The company has a fifty day moving average price of $37.04 and a 200 day moving average price of $37.19.

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.