Short Interest in BNY Mellon High Yield ETF (NYSEARCA:BKHY) Declines By 57.4%

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 7,119 shares, a decrease of 57.4% from the February 26th total of 16,696 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 475,356 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On BNY Mellon High Yield ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Global View Capital Management LLC increased its stake in BNY Mellon High Yield ETF by 2.3% during the fourth quarter. Global View Capital Management LLC now owns 11,195 shares of the company’s stock valued at $538,000 after purchasing an additional 252 shares during the last quarter. Symphony Financial Ltd. Co. boosted its position in shares of BNY Mellon High Yield ETF by 3.3% during the third quarter. Symphony Financial Ltd. Co. now owns 11,497 shares of the company’s stock worth $559,000 after buying an additional 372 shares during the period. Beacon Capital Management Inc. boosted its position in 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 acquiring an additional 543 shares during the period. ShoreHaven Wealth Partners LLC grew its stake in shares of BNY Mellon High Yield ETF by 1.0% in the third quarter. ShoreHaven Wealth Partners LLC now owns 55,691 shares of the company’s stock worth $2,712,000 after purchasing an additional 557 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new stake in shares of BNY Mellon High Yield ETF during the fourth quarter valued at about $39,000.

BNY Mellon High Yield ETF Stock Performance

NYSEARCA:BKHY opened at $47.25 on Thursday. BNY Mellon High Yield ETF has a 12-month low of $42.33 and a 12-month high of $48.89. The company’s 50-day moving average is $48.00 and its two-hundred day moving average is $48.23.

BNY Mellon High Yield ETF Cuts Dividend

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

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.