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

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 22,969 shares, an increase of 121.3% from the July 30th total of 10,380 shares. Based on an average daily trading volume, of 39,928 shares, the short-interest ratio is currently 0.6 days. Approximately 0.7% of the company’s stock are sold short.

BNY Mellon High Yield ETF Price Performance

NYSEARCA:BKHY opened at $47.36 on Monday. The firm’s 50-day moving average price is $47.34 and its 200-day moving average price is $47.52. BNY Mellon High Yield ETF has a 1-year low of $46.84 and a 1-year high of $48.89.

Hedge Funds Weigh In On BNY Mellon High Yield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. RPOA Advisors Inc. boosted its position in shares of BNY Mellon High Yield ETF by 5.7% in the 4th quarter. RPOA Advisors Inc. now owns 4,930,541 shares of the company’s stock worth $237,011,000 after purchasing an additional 264,798 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of BNY Mellon High Yield ETF by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 604,705 shares of the company’s stock worth $28,669,000 after acquiring an additional 32,400 shares during the last quarter. Assetmark Inc. grew its stake in shares of BNY Mellon High Yield ETF by 1.2% in the first quarter. Assetmark Inc. now owns 220,382 shares of the company’s stock worth $10,448,000 after acquiring an additional 2,630 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of BNY Mellon High Yield ETF by 68.6% during the second quarter. JPMorgan Chase & Co. now owns 99,034 shares of the company’s stock valued at $4,782,000 after acquiring an additional 40,297 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of BNY Mellon High Yield ETF during the second quarter valued at $4,542,000.

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.