BNY Mellon High Yield ETF (NYSEARCA:BKHY) Sees Large Decline in Short Interest

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BKHY. JPMorgan Chase & Co. boosted its stake in BNY Mellon High Yield ETF by 68.6% during the second quarter. JPMorgan Chase & Co. now owns 99,034 shares of the company’s stock valued at $4,782,000 after buying an additional 40,297 shares in the last quarter. Raymond James Financial Inc. boosted its stake in BNY Mellon High Yield ETF by 303.7% during the second quarter. Raymond James Financial Inc. now owns 35,612 shares of the company’s stock valued at $1,720,000 after buying an additional 26,791 shares in the last quarter. Jane Street Group LLC bought a new position in BNY Mellon High Yield ETF during the second quarter valued at about $4,542,000. Captrust Financial Advisors bought a new position in BNY Mellon High Yield ETF during the second quarter valued at about $251,000. Finally, Osaic Holdings Inc. boosted its stake in BNY Mellon High Yield ETF by 1,273.5% during the second quarter. Osaic Holdings Inc. now owns 20,726 shares of the company’s stock valued at $988,000 after buying an additional 19,217 shares in the last quarter.

BNY Mellon High Yield ETF Price Performance

NYSEARCA:BKHY opened at $47.54 on Friday. BNY Mellon High Yield ETF has a 1 year low of $46.84 and a 1 year high of $48.89. The business has a fifty day moving average of $47.55 and a 200-day moving average of $47.88.

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.