Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Drops By 86.0%

by · The Cerbat Gem

AB High Yield ETF (NYSEARCA:HYFI – Get Free Report) was the recipient of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 2,308 shares, a decline of 86.0% from the April 15th total of 16,498 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 33,676 shares, the days-to-cover ratio is currently 0.1 days.

AB High Yield ETF Stock Performance

HYFI stock traded down $0.07 during midday trading on Tuesday, hitting $37.33. 35,562 shares of the stock were exchanged, compared to its average volume of 36,068. The stock’s 50-day moving average price is $37.26 and its 200-day moving average price is $37.56. AB High Yield ETF has a fifty-two week low of $36.64 and a fifty-two week high of $38.27.

Hedge Funds Weigh In On AB High Yield ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Global Retirement Partners LLC raised its holdings in AB High Yield ETF by 204.5% during the third quarter. Global Retirement Partners LLC now owns 1,416 shares of the company’s stock worth $54,000 after purchasing an additional 951 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in AB High Yield ETF during the third quarter worth $66,000. TFB Advisors LLC acquired a new position in AB High Yield ETF during the third quarter worth $208,000. NewEdge Advisors LLC raised its holdings in AB High Yield ETF by 6,057.8% during the fourth quarter. NewEdge Advisors LLC now owns 5,542 shares of the company’s stock worth $208,000 after purchasing an additional 5,452 shares during the last quarter. Finally, Sage Advisory Services Ltd.Co. purchased a new position in AB High Yield ETF during the third quarter worth $281,000.

About AB High Yield ETF

(Get Free Report)

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.

See Also