AB High Yield ETF (NYSEARCA:HYFI) Short Interest Up 145.2% in December

AB High Yield ETF (NYSEARCA:HYFI) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 41,015 shares, a growth of 145.2% from the November 30th total of 16,725 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 26,138 shares, the short-interest ratio is currently 1.6 days. Based on an average daily volume of 26,138 shares, the short-interest ratio is currently 1.6 days. Approximately 0.5% of the company’s stock are short sold.

Institutional Investors Weigh In On AB High Yield ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC boosted its holdings in AB High Yield ETF by 204.5% in 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 period. Raymond James Financial Inc. lifted its position in shares of AB High Yield ETF by 0.6% in the 1st quarter. Raymond James Financial Inc. now owns 255,193 shares of the company’s stock worth $9,401,000 after buying an additional 1,549 shares during the last quarter. Platform Technology Partners boosted its holdings in shares of AB High Yield ETF by 7.1% in the 3rd quarter. Platform Technology Partners now owns 24,933 shares of the company’s stock valued at $946,000 after buying an additional 1,645 shares during the period. PNC Financial Services Group Inc. acquired a new position in shares of AB High Yield ETF in the 3rd quarter valued at about $66,000. Finally, Comerica Bank grew its position in shares of AB High Yield ETF by 41.4% during the 3rd quarter. Comerica Bank now owns 8,243 shares of the company’s stock valued at $313,000 after buying an additional 2,415 shares during the last quarter.

AB High Yield ETF Stock Performance

Shares of HYFI stock traded up $0.04 during trading hours on Friday, hitting $37.91. 8,962 shares of the company were exchanged, compared to its average volume of 37,887. AB High Yield ETF has a one year low of $34.74 and a one year high of $40.14. The business’s 50-day simple moving average is $37.70 and its two-hundred day simple moving average is $37.60.

AB High Yield ETF Company Profile

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.