FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Short Interest Update

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 46,930 shares, a growth of 134.7% from the July 15th total of 20,000 shares. Based on an average daily volume of 17,509 shares, the short-interest ratio is currently 2.7 days. Approximately 1.0% of the company’s shares are short sold.

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

A number of large investors have recently added to or reduced their stakes in the company. Next Level Private LLC raised its stake in shares of FT Vest High Yield & Target Income ETF by 22.1% during the second quarter. Next Level Private LLC now owns 50,564 shares of the company’s stock valued at $966,000 after acquiring an additional 9,140 shares during the last quarter. Southern Financial Group LLC boosted its holdings in shares of FT Vest High Yield & Target Income ETF by 4.3% during the first quarter. Southern Financial Group LLC now owns 36,080 shares of the company’s stock worth $695,000 after purchasing an additional 1,476 shares during the period. Cetera Investment Advisers grew its stake in shares of 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 worth $1,480,000 after purchasing an additional 60,686 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of FT Vest High Yield & Target Income ETF in the first quarter worth about $1,882,000. Finally, International Assets Investment Management LLC purchased a new position in FT Vest High Yield & Target Income ETF during the 1st quarter valued at about $322,000.

FT Vest High Yield & Target Income ETF Stock Down 0.1%

Shares of NYSEARCA HYTI traded down $0.02 during mid-day trading on Friday, hitting $19.01. The stock had a trading volume of 11,747 shares, compared to its average volume of 33,290. The business has a 50 day moving average price of $19.04 and a two-hundred day moving average price of $19.25. FT Vest High Yield & Target Income ETF has a 1 year low of $18.85 and a 1 year high of $20.15.

About FT Vest High Yield & Target Income ETF

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.