BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Down 48.9% in May

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 17,918 shares, a drop of 48.9% from the May 14th total of 35,095 shares. Based on an average daily trading volume, of 17,556 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.6% of the company’s shares are sold short.

Institutional Trading of BNY Mellon High Yield ETF

Large investors have recently added to or reduced their stakes in the stock. RPOA Advisors Inc. boosted its position in BNY Mellon High Yield ETF by 5.7% during the 4th quarter. RPOA Advisors Inc. now owns 4,930,541 shares of the company’s stock valued at $237,011,000 after acquiring an additional 264,798 shares in the last quarter. Assetmark Inc. grew its stake in shares of BNY Mellon High Yield ETF by 80.5% in the 3rd quarter. Assetmark Inc. now owns 387,420 shares of the company’s stock worth $18,868,000 after buying an additional 172,771 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of BNY Mellon High Yield ETF in the 2nd quarter worth approximately $4,542,000. JPMorgan Chase & Co. boosted its stake in BNY Mellon High Yield ETF by 68.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 99,034 shares of the company’s stock worth $4,782,000 after purchasing an additional 40,297 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in BNY Mellon High Yield ETF by 5.7% in the 1st quarter. Bank of New York Mellon Corp now owns 604,705 shares of the company’s stock worth $28,669,000 after purchasing an additional 32,400 shares in the last quarter.

BNY Mellon High Yield ETF Stock Up 0.2%

Shares of NYSEARCA:BKHY traded up $0.11 on Monday, reaching $47.65. 21,441 shares of the company traded hands, compared to its average volume of 66,079. BNY Mellon High Yield ETF has a 52 week low of $46.84 and a 52 week high of $48.89. The business’s 50-day simple moving average is $47.56 and its 200 day simple moving average is $47.87.

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.