AB High Yield ETF (NYSEARCA:HYFI) Trading Up 0.1% – Should You Buy?

Shares of AB High Yield ETF (NYSEARCA:HYFI) were up 0.1% during mid-day trading on Tuesday . The company traded as high as $37.72 and last traded at $37.68. Approximately 43,205 shares traded hands during mid-day trading, an increase of 14% from the average daily volume of 37,761 shares. The stock had previously closed at $37.66.

AB High Yield ETF Trading Up 0.1%

The business has a fifty day simple moving average of $37.67 and a 200 day simple moving average of $37.56.

Institutional Trading of AB High Yield ETF

A number of hedge funds have recently bought and sold shares of the company. Victory Financial Group LLC raised its holdings in AB High Yield ETF by 17.2% in the third quarter. Victory Financial Group LLC now owns 20,352 shares of the company’s stock valued at $772,000 after buying an additional 2,991 shares during the period. Mariner LLC boosted its stake in shares of AB High Yield ETF by 33.1% during the 3rd quarter. Mariner LLC now owns 15,846 shares of the company’s stock valued at $601,000 after buying an additional 3,938 shares during the last quarter. Flow Traders U.S. LLC acquired a new position in AB High Yield ETF during the 3rd quarter worth $462,000. Raymond James Financial Inc. raised its stake in shares of AB High Yield ETF by 12.9% in the 3rd quarter. Raymond James Financial Inc. now owns 297,933 shares of the company’s stock valued at $11,308,000 after purchasing an additional 33,970 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of AB High Yield ETF by 41.4% during the third quarter. Comerica Bank now owns 8,243 shares of the company’s stock worth $313,000 after purchasing an additional 2,415 shares during the last quarter.

About AB High Yield ETF

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.