Short Interest in BNY Mellon High Yield ETF (NYSEARCA:BKHY) Expands By 237.3%

BNY Mellon High Yield ETF (NYSEARCA:BKHY) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 16,696 shares, an increase of 237.3% from the February 12th total of 4,950 shares. Based on an average daily volume of 21,812 shares, the short-interest ratio is presently 0.8 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 21,812 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of BKHY. Envestnet Asset Management Inc. boosted its holdings in shares of BNY Mellon High Yield ETF by 19.7% in the third quarter. Envestnet Asset Management Inc. now owns 147,391 shares of the company’s stock worth $7,178,000 after buying an additional 24,265 shares during the last quarter. Heritage Oak Wealth Advisors LLC increased its holdings in BNY Mellon High Yield ETF by 51.6% during the third quarter. Heritage Oak Wealth Advisors LLC now owns 91,149 shares of the company’s stock valued at $4,439,000 after buying an additional 31,017 shares during the last quarter. Assetmark Inc. raised its position in BNY Mellon High Yield ETF by 80.5% in the third quarter. Assetmark Inc. now owns 387,420 shares of the company’s stock worth $18,868,000 after acquiring an additional 172,771 shares during the period. Bank of New York Mellon Corp raised its position in BNY Mellon High Yield ETF by 27.7% in the second quarter. Bank of New York Mellon Corp now owns 548,255 shares of the company’s stock worth $26,472,000 after acquiring an additional 119,039 shares during the period. Finally, Crux Wealth Advisors boosted its stake in shares of BNY Mellon High Yield ETF by 7.5% during the 3rd quarter. Crux Wealth Advisors now owns 49,403 shares of the company’s stock worth $2,406,000 after acquiring an additional 3,447 shares during the last quarter.

BNY Mellon High Yield ETF Trading Down 0.3%

NYSEARCA:BKHY traded down $0.12 during trading hours on Wednesday, reaching $47.56. The company had a trading volume of 20,470 shares, compared to its average volume of 120,287. The firm’s 50 day moving average price is $48.19 and its 200-day moving average price is $48.31. BNY Mellon High Yield ETF has a 52 week low of $42.33 and a 52 week high of $48.89.

BNY Mellon High Yield ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.2449 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 6.2%.

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.