Short Interest in FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) Grows By 238.7%

FT Vest High Yield & Target Income ETF (NYSEARCA:HYTI) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 44,209 shares, a growth of 238.7% from the April 15th total of 13,051 shares. Based on an average daily volume of 27,380 shares, the short-interest ratio is presently 1.6 days. Currently, 1.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC lifted its position in shares of 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 valued at $9,599,000 after buying an additional 55,538 shares during the last quarter. Insight Advisors LLC PA lifted its position in shares of FT Vest High Yield & Target Income ETF by 20.2% in the fourth quarter. Insight Advisors LLC PA now owns 190,811 shares of the company’s stock valued at $3,775,000 after buying an additional 32,102 shares during the last quarter. SageGuard Financial Group LLC lifted its position in shares of FT Vest High Yield & Target Income ETF by 73.2% in the first quarter. SageGuard Financial Group LLC now owns 153,528 shares of the company’s stock valued at $2,957,000 after buying an additional 64,884 shares during the last quarter. Brookstone Capital Management lifted its position in shares of FT Vest High Yield & Target Income ETF by 12.6% in the first quarter. Brookstone Capital Management now owns 102,248 shares of the company’s stock valued at $1,969,000 after buying an additional 11,432 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in shares of FT Vest High Yield & Target Income ETF in the first quarter valued at approximately $1,882,000.

FT Vest High Yield & Target Income ETF Stock Performance

NYSEARCA HYTI traded up $0.01 during trading hours on Thursday, hitting $19.24. 19,188 shares of the company traded hands, compared to its average volume of 37,662. The business’s 50-day moving average is $19.28 and its 200-day moving average is $19.55. FT Vest High Yield & Target Income ETF has a twelve month low of $19.03 and a twelve month high of $21.94.

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.