Short Interest in FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Decreases By 36.9%

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 17,032 shares, a drop of 36.9% from the June 15th total of 26,998 shares. Based on an average daily volume of 45,167 shares, the short-interest ratio is presently 0.4 days. Currently, 0.4% of the company’s shares are sold short.

FT Vest High Yield & Target Income ETF Price Performance

NYSEARCA:HYTI opened at $19.03 on Friday. The firm has a 50 day simple moving average of $19.13 and a 200-day simple moving average of $19.36. FT Vest High Yield & Target Income ETF has a 1-year low of $18.98 and a 1-year high of $20.15.

Institutional Investors Weigh In On FT Vest High Yield & Target Income ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Next Level Private LLC grew 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 valued at $966,000 after buying an additional 9,140 shares during the period. Southern Financial Group LLC grew its holdings in FT Vest High Yield & Target Income ETF by 4.3% in the first quarter. Southern Financial Group LLC now owns 36,080 shares of the company’s stock valued at $695,000 after purchasing an additional 1,476 shares during the period. Cetera Investment Advisers grew its holdings in FT Vest High Yield & Target Income ETF by 375.9% in the first quarter. Cetera Investment Advisers now owns 76,832 shares of the company’s stock valued at $1,480,000 after purchasing an additional 60,686 shares during the period. Independent Financial Group LLC acquired a new position in FT Vest High Yield & Target Income ETF during the first quarter worth approximately $1,882,000. Finally, International Assets Investment Management LLC acquired a new position in FT Vest High Yield & Target Income ETF during the first quarter worth approximately $322,000.

FT Vest High Yield & Target Income ETF Company Profile

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.