BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Update

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 8,800 shares, an increase of 41.9% from the September 30th total of 6,200 shares. Based on an average trading volume of 31,900 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 31,900 shares, the short-interest ratio is currently 0.3 days.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

A number of institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of BNY Mellon High Yield ETF by 27.7% during the second quarter. Bank of New York Mellon Corp now owns 548,255 shares of the company’s stock valued at $26,472,000 after purchasing an additional 119,039 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of BNY Mellon High Yield ETF by 6.4% during the second quarter. Assetmark Inc. now owns 214,649 shares of the company’s stock valued at $10,364,000 after purchasing an additional 12,894 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of BNY Mellon High Yield ETF by 10.4% during the first quarter. LPL Financial LLC now owns 102,586 shares of the company’s stock valued at $4,886,000 after purchasing an additional 9,641 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 40,297 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of BNY Mellon High Yield ETF during the second quarter valued at $4,542,000.

BNY Mellon High Yield ETF Trading Down 0.8%

Shares of NYSEARCA BKHY traded down $0.39 during trading on Monday, reaching $48.07. The company had a trading volume of 18,381 shares, compared to its average volume of 65,094. BNY Mellon High Yield ETF has a 12-month low of $42.33 and a 12-month high of $48.92. The business’s 50-day moving average is $48.50 and its 200 day moving average is $48.02.

BNY Mellon High Yield ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Monday, November 3rd will be paid a $0.2771 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, November 3rd.

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.