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

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the target of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 22,969 shares, an increase of 121.3% from the July 30th total of 10,380 shares. Based on an average trading volume of 39,928 shares, the short-interest ratio is currently 0.6 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Trading of BNY Mellon High Yield ETF

A number of hedge funds have recently modified their holdings of BKHY. JPMorgan Chase & Co. boosted its holdings in shares of BNY Mellon High Yield ETF by 68.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 99,034 shares of the company’s stock worth $4,782,000 after buying an additional 40,297 shares during the period. Raymond James Financial Inc. raised its holdings in BNY Mellon High Yield ETF by 303.7% in the 2nd quarter. Raymond James Financial Inc. now owns 35,612 shares of the company’s stock valued at $1,720,000 after acquiring an additional 26,791 shares during the period. Jane Street Group LLC acquired a new stake in BNY Mellon High Yield ETF during the second quarter worth approximately $4,542,000. Captrust Financial Advisors acquired a new stake in BNY Mellon High Yield ETF during the second quarter worth approximately $251,000. Finally, Osaic Holdings Inc. lifted its position in BNY Mellon High Yield ETF by 1,273.5% during the second quarter. Osaic Holdings Inc. now owns 20,726 shares of the company’s stock worth $988,000 after acquiring an additional 19,217 shares during the last quarter.

BNY Mellon High Yield ETF Trading Down 0.1%

BKHY stock traded down $0.05 during midday trading on Friday, reaching $47.36. 11,065 shares of the company were exchanged, compared to its average volume of 52,567. The business has a 50-day moving average price of $47.34 and a two-hundred day moving average price of $47.52. BNY Mellon High Yield ETF has a one year low of $46.84 and a one year high of $48.89.

About BNY Mellon High Yield ETF

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.