FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Shares Shorted: Short Interest Down 53.6% in September

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totaling 39,003 shares, a decrease of 53.6% from the August 31st total of 83,988 shares. Based on an average trading volume of 28,986 shares, the short-interest ratio is presently 1.3 days. Currently, 0.8% of the shares of the company are short sold.

FT Vest High Yield & Target Income ETF Stock Performance

Shares of FT Vest High Yield & Target Income ETF stock traded up $0.01 on Tuesday, reaching $18.43. 18,332 shares of the stock were exchanged, compared to its average volume of 33,859. The firm’s 50 day moving average is $18.86 and its 200-day moving average is $19.08. FT Vest High Yield & Target Income ETF has a one year low of $18.39 and a one year high of $20.15.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HYTI. Southern Financial Group LLC grew its holdings in FT Vest High Yield & Target Income ETF by 4.3% during the first quarter. Southern Financial Group LLC now owns 36,080 shares of the company’s stock worth $695,000 after buying an additional 1,476 shares in the last quarter. Bullseye Investment Management LLC bought a new stake in FT Vest High Yield & Target Income ETF in the 2nd quarter valued at about $123,000. Integrated Wealth Concepts LLC lifted its stake in shares of FT Vest High Yield & Target Income ETF by 54.0% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 25,558 shares of the company’s stock valued at $488,000 after buying an additional 8,957 shares in the last quarter. Next Level Private LLC boosted its holdings in FT Vest High Yield & Target Income ETF by 22.1% in the 2nd quarter. Next Level Private LLC now owns 50,564 shares of the company’s stock worth $966,000 after buying an additional 9,140 shares during the period. Finally, Harbour Investments Inc. lifted its position in shares of FT Vest High Yield & Target Income ETF by 116.3% during the fourth quarter. Harbour Investments Inc. now owns 17,569 shares of the company’s stock worth $348,000 after acquiring an additional 9,448 shares in 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.