FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Sees Large Decrease in Short Interest

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 20,811 shares, a decline of 43.4% from the May 14th total of 36,779 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 31,662 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of FT Vest High Yield & Target Income ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC boosted its holdings in FT Vest High Yield & Target Income ETF by 12.5% during the first quarter. Kestra Advisory Services LLC now owns 498,386 shares of the company’s stock worth $9,599,000 after buying an additional 55,538 shares in the last quarter. Insight Advisors LLC PA boosted its holdings in FT Vest High Yield & Target Income ETF by 20.2% during the fourth quarter. Insight Advisors LLC PA now owns 190,811 shares of the company’s stock worth $3,775,000 after buying an additional 32,102 shares in the last quarter. SageGuard Financial Group LLC boosted its holdings in FT Vest High Yield & Target Income ETF by 73.2% during the first quarter. SageGuard Financial Group LLC now owns 153,528 shares of the company’s stock worth $2,957,000 after buying an additional 64,884 shares in the last quarter. Brookstone Capital Management boosted its holdings in FT Vest High Yield & Target Income ETF by 12.6% during the first quarter. Brookstone Capital Management now owns 102,248 shares of the company’s stock worth $1,969,000 after buying an additional 11,432 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in FT Vest High Yield & Target Income ETF during the first quarter worth about $1,882,000.

FT Vest High Yield & Target Income ETF Price Performance

HYTI stock opened at $19.15 on Friday. FT Vest High Yield & Target Income ETF has a 52 week low of $19.02 and a 52 week high of $20.45. The company’s 50-day moving average price is $19.26 and its 200 day moving average price is $19.47.

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.