Short Interest in AB High Yield ETF (NYSEARCA:HYFI) Grows By 128.7%

AB High Yield ETF (NYSEARCA:HYFI) was the recipient of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 30,008 shares, an increase of 128.7% from the February 12th total of 13,123 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 53,237 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 53,237 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

Hedge Funds Weigh In On AB High Yield ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Anderson Financial Strategies LLC grew its holdings in AB High Yield ETF by 1.7% during the 4th quarter. Anderson Financial Strategies LLC now owns 234,943 shares of the company’s stock worth $8,829,000 after acquiring an additional 3,997 shares during the period. NewEdge Advisors LLC lifted its stake in shares of AB High Yield ETF by 6,057.8% in the 4th quarter. NewEdge Advisors LLC now owns 5,542 shares of the company’s stock valued at $208,000 after purchasing an additional 5,452 shares during the period. Captrust Financial Advisors boosted its position in shares of AB High Yield ETF by 37.5% in the 4th quarter. Captrust Financial Advisors now owns 12,128 shares of the company’s stock worth $456,000 after purchasing an additional 3,308 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of AB High Yield ETF during the fourth quarter worth $688,000. Finally, Mariner LLC grew its stake in shares of AB High Yield ETF by 11.7% during the fourth quarter. Mariner LLC now owns 17,707 shares of the company’s stock worth $665,000 after purchasing an additional 1,861 shares during the period.

AB High Yield ETF Stock Performance

AB High Yield ETF stock opened at $36.96 on Friday. AB High Yield ETF has a 1 year low of $34.74 and a 1 year high of $38.27. The company’s 50-day moving average is $37.66 and its two-hundred day moving average is $37.71.

AB High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.2012 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.5%.

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.