Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Expands By 128.7%

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large increase in short interest in February. As of February 27th, there was short interest totaling 30,008 shares, an increase of 128.7% from the February 12th total of 13,123 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 53,237 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily volume of 53,237 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On AB High Yield ETF

Several hedge funds have recently modified their holdings of HYFI. Envestnet Asset Management Inc. increased its position in AB High Yield ETF by 40.2% during the second quarter. Envestnet Asset Management Inc. now owns 97,697 shares of the company’s stock worth $3,661,000 after purchasing an additional 27,992 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of AB High Yield ETF in the 2nd quarter valued at $907,000. Victory Financial Group LLC boosted its holdings in shares of AB High Yield ETF by 24.0% in the 2nd quarter. Victory Financial Group LLC now owns 17,361 shares of the company’s stock valued at $651,000 after purchasing an additional 3,363 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of AB High Yield ETF by 3.4% during the 2nd quarter. Raymond James Financial Inc. now owns 263,963 shares of the company’s stock valued at $9,891,000 after buying an additional 8,770 shares during the period. Finally, M.E. Allison & CO. Inc. purchased a new stake in shares of AB High Yield ETF during the 3rd quarter valued at $304,000.

AB High Yield ETF Stock Down 0.3%

HYFI stock opened at $37.20 on Thursday. AB High Yield ETF has a one year low of $34.74 and a one year high of $38.27. The company has a 50 day moving average price of $37.69 and a two-hundred day moving average price of $37.72.

AB High Yield ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.2012 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%.

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.