Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Drops By 94.6%

AB High Yield ETF (NYSEARCA:HYFI) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,612 shares, a decrease of 94.6% from the February 26th total of 30,008 shares. Based on an average daily volume of 35,005 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 35,005 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new position in AB High Yield ETF in the second quarter valued at $907,000. Victory Financial Group LLC increased its position in shares of AB High Yield ETF by 24.0% during the second quarter. Victory Financial Group LLC now owns 17,361 shares of the company’s stock worth $651,000 after purchasing an additional 3,363 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of AB High Yield ETF by 3.4% in the 2nd quarter. Raymond James Financial Inc. now owns 263,963 shares of the company’s stock valued at $9,891,000 after purchasing an additional 8,770 shares during the last quarter. M.E. Allison & CO. Inc. purchased a new stake in shares of AB High Yield ETF in the 3rd quarter valued at about $304,000. Finally, Greenwood Capital Associates LLC acquired a new stake in shares of AB High Yield ETF in the 3rd quarter valued at about $416,000.

AB High Yield ETF Price Performance

Shares of AB High Yield ETF stock traded down $0.20 during trading on Tuesday, hitting $36.86. 20,322 shares of the stock were exchanged, compared to its average volume of 36,645. The firm’s 50-day moving average price is $37.56 and its 200 day moving average price is $37.67. AB High Yield ETF has a 12-month low of $34.74 and a 12-month high of $38.27.

AB High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.2012 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.