Short Interest in BNY Mellon High Yield ETF (NYSEARCA:BKHY) Expands By 173.0%

BNY Mellon High Yield ETF (NYSEARCA:BKHY) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 35,095 shares, an increase of 173.0% from the April 30th total of 12,856 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average trading volume of 14,893 shares, the days-to-cover ratio is currently 2.4 days.

BNY Mellon High Yield ETF Price Performance

NYSEARCA BKHY opened at $47.77 on Monday. BNY Mellon High Yield ETF has a twelve month low of $46.84 and a twelve month high of $48.89. The stock has a 50-day simple moving average of $47.50 and a 200 day simple moving average of $47.93.

Hedge Funds Weigh In On BNY Mellon High Yield ETF

Several large investors have recently made changes to their positions in BKHY. Beacon Capital Management Inc. lifted its position in shares of BNY Mellon High Yield ETF by 308.5% during 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 last quarter. Kestra Advisory Services LLC acquired a new position in shares of BNY Mellon High Yield ETF during the 4th quarter worth about $39,000. Aptus Capital Advisors LLC acquired a new position in shares of BNY Mellon High Yield ETF during the 3rd quarter worth about $41,000. Fifth Third Securities Inc. acquired a new position in shares of BNY Mellon High Yield ETF during the 4th quarter worth about $225,000. Finally, Captrust Financial Advisors acquired a new position in shares of BNY Mellon High Yield ETF during the 2nd quarter worth about $251,000.

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.