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

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 4,950 shares, a decline of 65.4% from the January 29th total of 14,321 shares. Based on an average daily volume of 20,602 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 20,602 shares, the days-to-cover ratio is presently 0.2 days.

BNY Mellon High Yield ETF Trading Up 0.1%

BKHY opened at $48.26 on Thursday. BNY Mellon High Yield ETF has a 52-week low of $42.33 and a 52-week high of $48.89. The company has a 50 day moving average of $48.27 and a two-hundred day moving average of $48.33.

BNY Mellon High Yield ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.2633 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend was Monday, February 2nd.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Beacon Capital Management Inc. grew its stake in shares of 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 last quarter. Kestra Advisory Services LLC bought a new stake in BNY Mellon High Yield ETF in the fourth quarter worth $39,000. Aptus Capital Advisors LLC acquired a new position in shares of BNY Mellon High Yield ETF during the 3rd quarter valued at about $41,000. Total Investment Management Inc. bought a new stake in BNY Mellon High Yield ETF during the second quarter valued at about $99,000. Finally, Fifth Third Securities Inc. acquired a new stake in BNY Mellon High Yield ETF during the fourth quarter worth about $225,000.

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.