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

BNY Mellon High Yield ETF (NYSEARCA:BKHY) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 12,856 shares, an increase of 275.7% from the April 15th total of 3,422 shares. Based on an average trading volume of 26,315 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the company’s stock are sold short.

BNY Mellon High Yield ETF Price Performance

NYSEARCA BKHY traded down $0.20 during mid-day trading on Friday, reaching $47.27. The stock had a trading volume of 7,471 shares, compared to its average volume of 77,062. BNY Mellon High Yield ETF has a 1 year low of $46.84 and a 1 year high of $48.89. The company has a fifty day moving average price of $47.49 and a 200 day moving average price of $47.99.

BNY Mellon High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.2449 dividend. This represents a c) dividend on an annualized basis and a yield of 6.2%. The ex-dividend date was Monday, March 2nd.

Hedge Funds Weigh In On BNY Mellon High Yield ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Beacon Capital Management Inc. grew its position in 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 worth $35,000 after purchasing an additional 543 shares during the period. Kestra Advisory Services LLC bought a new stake in BNY Mellon High Yield ETF in the 4th quarter worth approximately $39,000. Aptus Capital Advisors LLC bought a new stake in BNY Mellon High Yield ETF in the 3rd quarter worth approximately $41,000. Fifth Third Securities Inc. bought a new stake in BNY Mellon High Yield ETF in the 4th quarter worth approximately $225,000. Finally, Captrust Financial Advisors bought a new stake in BNY Mellon High Yield ETF in the 2nd quarter worth approximately $251,000.

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.