BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Update

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,950 shares, a drop of 65.4% from the January 29th total of 14,321 shares. Based on an average trading volume of 20,602 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 20,602 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

Several institutional investors have recently bought and sold shares of BKHY. Beacon Capital Management Inc. raised its stake in shares of BNY Mellon High Yield ETF by 308.5% in the 4th quarter. Beacon Capital Management Inc. now owns 719 shares of the company’s stock valued at $35,000 after acquiring an additional 543 shares during the period. Kestra Advisory Services LLC purchased a new stake in BNY Mellon High Yield ETF during the 4th quarter worth $39,000. Aptus Capital Advisors LLC acquired a new stake in BNY Mellon High Yield ETF in the 3rd quarter valued at $41,000. Total Investment Management Inc. purchased a new position in BNY Mellon High Yield ETF in the second quarter valued at about $99,000. Finally, Fifth Third Securities Inc. acquired a new position in shares of BNY Mellon High Yield ETF during the fourth quarter worth about $225,000.

BNY Mellon High Yield ETF Stock Performance

Shares of BNY Mellon High Yield ETF stock traded down $0.01 during trading hours on Friday, reaching $48.21. The stock had a trading volume of 9,766 shares, compared to its average volume of 24,599. The firm has a 50 day simple moving average of $48.27 and a two-hundred day simple moving average of $48.34. BNY Mellon High Yield ETF has a 1 year low of $42.33 and a 1 year high of $48.89.

BNY Mellon High Yield ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.2633 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 6.6%.

BNY Mellon High Yield ETF Company Profile

The BNY Mellon High Yield Beta ETF (BKHY) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value-weighted index of USD-denominated high yield corporate bonds with broad maturities. BKHY was launched on Apr 24, 2020 and is managed by BNY Mellon.