BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Down 32.6% in July

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a large decrease in short interest in 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. Based on an average daily volume of 13,830 shares, the short-interest ratio is presently 1.2 days. Currently, 0.5% of the company’s stock are sold short.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

Hedge funds have recently made changes to their positions in the stock. Beacon Capital Management Inc. boosted its position in BNY Mellon High Yield ETF by 308.5% during the fourth quarter. Beacon Capital Management Inc. now owns 719 shares of the company’s stock valued at $35,000 after purchasing an additional 543 shares in the last quarter. Kestra Advisory Services LLC bought a new position in BNY Mellon High Yield ETF in the fourth quarter worth about $39,000. Aptus Capital Advisors LLC bought a new position in BNY Mellon High Yield ETF in the third quarter worth about $41,000. Fifth Third Securities Inc. purchased a new stake in shares of BNY Mellon High Yield ETF during the fourth quarter valued at about $225,000. Finally, Captrust Financial Advisors purchased a new stake in shares of BNY Mellon High Yield ETF during the second quarter valued at about $251,000.

BNY Mellon High Yield ETF Trading Up 0.3%

NYSEARCA BKHY opened at $47.23 on Friday. The firm’s 50 day moving average price is $47.43 and its 200-day moving average price is $47.67. BNY Mellon High Yield ETF has a 52-week low of $46.84 and a 52-week high of $48.89.

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.