Short Interest in BNY Mellon High Yield ETF (NYSEARCA:BKHY) Decreases By 32.6%

BNY Mellon High Yield ETF (NYSEARCA:BKHYGet Free Report) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 17,002 shares, a decrease of 32.6% from the June 30th total of 25,237 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 13,830 shares, the short-interest ratio is presently 1.2 days.

BNY Mellon High Yield ETF Price Performance

BKHY traded down $0.02 on Friday, hitting $47.21. 23,438 shares of the company were exchanged, compared to its average volume of 55,598. The firm has a fifty day simple moving average of $47.42 and a two-hundred day simple moving average of $47.67. BNY Mellon High Yield ETF has a 12 month low of $46.84 and a 12 month high of $48.89.

Institutional Trading of BNY Mellon High Yield ETF

A number of hedge funds have recently bought and sold shares of BKHY. Beacon Capital Management Inc. boosted its position in shares of BNY Mellon High Yield ETF by 308.5% in the fourth 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 period. Kestra Advisory Services LLC bought a new position in shares of BNY Mellon High Yield ETF during the fourth quarter valued at approximately $39,000. Aptus Capital Advisors LLC purchased a new stake in BNY Mellon High Yield ETF in the 3rd quarter valued at about $41,000. Fifth Third Securities Inc. bought a new stake in shares of BNY Mellon High Yield ETF in the fourth quarter valued at about $225,000. Finally, Captrust Financial Advisors bought a new stake in BNY Mellon High Yield ETF during the 2nd quarter valued at $251,000.

About BNY Mellon High Yield ETF

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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.

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