Short Interest in BNY Mellon High Yield ETF (NYSEARCA:BKHY) Declines By 83.2%

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a significant drop in short interest in May. As of May 31st, there was short interest totalling 11,000 shares, a drop of 83.2% from the May 15th total of 65,300 shares. Based on an average daily trading volume, of 148,800 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

BNY Mellon High Yield ETF Stock Down 0.2%

BNY Mellon High Yield ETF stock opened at $47.62 on Friday. BNY Mellon High Yield ETF has a 1-year low of $42.33 and a 1-year high of $48.99. The firm’s fifty day moving average price is $47.22 and its two-hundred day moving average price is $47.72.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in BKHY. MGO One Seven LLC bought a new position in shares of BNY Mellon High Yield ETF during the fourth quarter valued at about $222,000. TFB Advisors LLC increased its stake in shares of BNY Mellon High Yield ETF by 10.3% in the fourth quarter. TFB Advisors LLC now owns 5,530 shares of the company’s stock worth $264,000 after purchasing an additional 516 shares in the last quarter. Arkadios Wealth Advisors increased its stake in shares of BNY Mellon High Yield ETF by 3.9% in the first quarter. Arkadios Wealth Advisors now owns 6,040 shares of the company’s stock worth $288,000 after purchasing an additional 227 shares in the last quarter. IFP Advisors Inc boosted its position in shares of BNY Mellon High Yield ETF by 14.6% in the first quarter. IFP Advisors Inc now owns 7,371 shares of the company’s stock valued at $351,000 after acquiring an additional 938 shares during the period. Finally, Geneos Wealth Management Inc. boosted its position in shares of BNY Mellon High Yield ETF by 10.1% in the first quarter. Geneos Wealth Management Inc. now owns 7,604 shares of the company’s stock valued at $362,000 after acquiring an additional 698 shares during the period.

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.