BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Up 38.2% in December

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 7,385 shares, an increase of 38.2% from the November 30th total of 5,343 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 24,655 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 24,655 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

BNY Mellon High Yield ETF Price Performance

BNY Mellon High Yield ETF stock traded up $0.04 during trading hours on Tuesday, hitting $48.10. The company had a trading volume of 30,089 shares, compared to its average volume of 61,806. The company has a 50-day moving average price of $48.29 and a two-hundred day moving average price of $48.27. 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 Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 29th will be given a dividend of $0.3882 per share. This is a boost from BNY Mellon High Yield ETF’s previous monthly dividend of $0.25. The ex-dividend date of this dividend is Monday, December 29th. This represents a c) dividend on an annualized basis and a yield of 9.7%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BKHY. Assetmark Inc. raised its holdings in shares of BNY Mellon High Yield ETF by 80.5% in the third quarter. Assetmark Inc. now owns 387,420 shares of the company’s stock worth $18,868,000 after buying an additional 172,771 shares during the last quarter. Bank of New York Mellon Corp raised its stake in BNY Mellon High Yield ETF by 27.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 548,255 shares of the company’s stock worth $26,472,000 after acquiring an additional 119,039 shares during the last quarter. Jane Street Group LLC purchased a new position in BNY Mellon High Yield ETF in the 2nd quarter worth $4,542,000. JPMorgan Chase & Co. lifted its position in 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 acquiring an additional 40,297 shares during the period. Finally, Heritage Oak Wealth Advisors LLC grew its stake in BNY Mellon High Yield ETF by 51.6% during the 3rd quarter. Heritage Oak Wealth Advisors LLC now owns 91,149 shares of the company’s stock valued at $4,439,000 after purchasing an additional 31,017 shares during the last quarter.

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.