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

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 9,886 shares, a growth of 93.3% from the December 31st total of 5,114 shares. Based on an average daily trading volume, of 33,808 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 33,808 shares, the days-to-cover ratio is presently 0.3 days.

BNY Mellon High Yield ETF Trading Up 0.0%

NYSEARCA BKHY traded up $0.02 on Friday, hitting $48.42. 13,981 shares of the stock traded hands, compared to its average volume of 27,899. The stock has a 50-day moving average of $48.30 and a 200 day moving average of $48.32. BNY Mellon High Yield ETF has a twelve month low of $42.33 and a twelve month high of $48.89.

BNY Mellon High Yield ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were issued a dividend of $0.3882 per share. This represents a c) annualized dividend and a yield of 9.6%. This is a boost from BNY Mellon High Yield ETF’s previous monthly dividend of $0.25. The ex-dividend date was Monday, December 29th.

Institutional Trading of BNY Mellon High Yield ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKHY. Aptus Capital Advisors LLC acquired a new position in shares of BNY Mellon High Yield ETF during the third quarter worth approximately $41,000. Total Investment Management Inc. bought a new position in BNY Mellon High Yield ETF during the second quarter worth $99,000. Fifth Third Securities Inc. acquired a new position in BNY Mellon High Yield ETF during the 4th quarter valued at $225,000. Captrust Financial Advisors acquired a new position in BNY Mellon High Yield ETF during the 2nd quarter valued at $251,000. Finally, Global Assets Advisory LLC bought a new stake in BNY Mellon High Yield ETF in the 3rd quarter valued at $272,000.

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.