AB High Yield ETF (NYSEARCA:HYFI) Short Interest Up 482.9% in May

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 13,454 shares, an increase of 482.9% from the April 30th total of 2,308 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 28,862 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of AB High Yield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Arkadios Wealth Advisors bought a new position in shares of AB High Yield ETF in the first quarter worth $24,402,000. LPL Financial LLC lifted its position in shares of AB High Yield ETF by 17.5% in the 4th quarter. LPL Financial LLC now owns 2,794,927 shares of the company’s stock valued at $105,033,000 after acquiring an additional 416,410 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of AB High Yield ETF in the third quarter worth $9,970,000. Envestnet Asset Management Inc. grew its holdings in shares of AB High Yield ETF by 116.2% during the third quarter. Envestnet Asset Management Inc. now owns 211,267 shares of the company’s stock valued at $8,019,000 after buying an additional 113,570 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of AB High Yield ETF by 164.7% during the fourth quarter. Jane Street Group LLC now owns 92,413 shares of the company’s stock valued at $3,473,000 after buying an additional 57,501 shares in the last quarter.

AB High Yield ETF Trading Up 0.2%

Shares of AB High Yield ETF stock opened at $37.55 on Friday. The stock has a 50 day moving average of $37.29 and a 200 day moving average of $37.53. AB High Yield ETF has a fifty-two week low of $36.64 and a fifty-two week high of $38.27.

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.