BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Down 32.6% in July

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a significant decline in short interest in July. As of July 15th, there was short interest totaling 17,002 shares, a decline of 32.6% from the June 30th total of 25,237 shares. Based on an average trading volume of 13,830 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the company’s shares are sold short.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

Several hedge funds have recently made changes to their positions in BKHY. JPMorgan Chase & Co. grew its position in shares of 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 buying an additional 40,297 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of BNY Mellon High Yield ETF by 303.7% during the second quarter. Raymond James Financial Inc. now owns 35,612 shares of the company’s stock valued at $1,720,000 after buying an additional 26,791 shares during the period. Jane Street Group LLC bought a new stake in shares of BNY Mellon High Yield ETF in the second quarter valued at about $4,542,000. Captrust Financial Advisors bought a new stake in shares of BNY Mellon High Yield ETF in the second quarter valued at about $251,000. Finally, Osaic Holdings Inc. lifted its stake in BNY Mellon High Yield ETF by 1,273.5% in the second quarter. Osaic Holdings Inc. now owns 20,726 shares of the company’s stock worth $988,000 after acquiring an additional 19,217 shares during the period.

BNY Mellon High Yield ETF Trading Up 0.3%

Shares of NYSEARCA BKHY opened at $47.23 on Friday. BNY Mellon High Yield ETF has a 52-week low of $46.84 and a 52-week high of $48.89. The stock has a 50 day moving average price of $47.43 and a 200 day moving average price of $47.67.

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.