Short Interest in BNY Mellon High Yield ETF (NYSEARCA:BKHY) Drops By 30.8%

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 5,114 shares, a drop of 30.8% from the December 15th total of 7,385 shares. Based on an average trading volume of 101,587 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 101,587 shares, the short-interest ratio is currently 0.1 days.

BNY Mellon High Yield ETF Stock Up 0.1%

Shares of BNY Mellon High Yield ETF stock traded up $0.05 on Friday, hitting $48.37. 22,584 shares of the company’s stock traded hands, compared to its average volume of 32,744. The company has a fifty day moving average of $48.25 and a two-hundred day moving average of $48.30. BNY Mellon High Yield ETF has a one year low of $42.33 and a one year high of $48.89.

BNY Mellon High Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were issued a dividend of $0.3882 per share. The ex-dividend date was Monday, December 29th. This is a positive change from BNY Mellon High Yield ETF’s previous monthly dividend of $0.25. This represents a c) annualized dividend and a yield of 9.6%.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Heritage Oak Wealth Advisors LLC lifted its position in BNY Mellon High Yield ETF by 16.6% in the 2nd quarter. Heritage Oak Wealth Advisors LLC now owns 60,132 shares of the company’s stock valued at $2,903,000 after acquiring an additional 8,565 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of BNY Mellon High Yield ETF by 23.6% in the second quarter. IFP Advisors Inc now owns 9,112 shares of the company’s stock valued at $440,000 after purchasing an additional 1,741 shares in the last quarter. MGO One Seven LLC purchased a new position in shares of BNY Mellon High Yield ETF during the second quarter valued at approximately $277,000. Crux Wealth Advisors grew its holdings in BNY Mellon High Yield ETF by 141.5% during the second quarter. Crux Wealth Advisors now owns 45,956 shares of the company’s stock worth $2,219,000 after buying an additional 26,929 shares in the last quarter. Finally, Strategic Blueprint LLC raised its position in BNY Mellon High Yield ETF by 19.0% in the 2nd quarter. Strategic Blueprint LLC now owns 7,830 shares of the company’s stock valued at $378,000 after buying an additional 1,250 shares during the last quarter.

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.