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

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 39,003 shares, a decrease of 53.6% from the August 31st total of 83,988 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 28,986 shares, the short-interest ratio is currently 1.3 days.

Hedge Funds Weigh In On FT Vest High Yield & Target Income ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC lifted its holdings in FT Vest High Yield & Target Income ETF by 12.5% in 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 during the period. Insight Advisors LLC PA grew its holdings in shares of FT Vest High Yield & Target Income ETF by 20.2% during the 4th quarter. Insight Advisors LLC PA now owns 190,811 shares of the company’s stock worth $3,775,000 after acquiring an additional 32,102 shares during the period. SageGuard Financial Group LLC raised its position in shares of FT Vest High Yield & Target Income ETF by 73.2% in the 1st quarter. SageGuard Financial Group LLC now owns 153,528 shares of the company’s stock worth $2,957,000 after acquiring an additional 64,884 shares in the last quarter. Brookstone Capital Management raised its position in shares of FT Vest High Yield & Target Income ETF by 12.6% in the 1st quarter. Brookstone Capital Management now owns 102,248 shares of the company’s stock worth $1,969,000 after acquiring an additional 11,432 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in shares of FT Vest High Yield & Target Income ETF in the 1st quarter valued at approximately $1,882,000.

FT Vest High Yield & Target Income ETF Stock Down 0.2%

Shares of NYSEARCA HYTI traded down $0.04 during trading hours on Monday, hitting $18.46. The company’s stock had a trading volume of 4,765 shares, compared to its average volume of 33,801. FT Vest High Yield & Target Income ETF has a 12 month low of $18.43 and a 12 month high of $20.15. The business has a 50-day simple moving average of $18.88 and a 200-day simple moving average of $19.09.

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.