BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Up 38.2% in December

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the target of a significant growth in short interest in December. As of December 15th, there was short interest totaling 7,385 shares, a growth of 38.2% from the November 30th total of 5,343 shares. Based on an average trading volume of 24,655 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 24,655 shares, the days-to-cover ratio is presently 0.3 days.

Hedge Funds Weigh In On BNY Mellon High Yield ETF

A number of institutional investors and hedge funds have recently modified their holdings of BKHY. Aptus Capital Advisors LLC bought a new position in BNY Mellon High Yield ETF in the third quarter worth approximately $41,000. Total Investment Management Inc. purchased a new stake in BNY Mellon High Yield ETF in the 2nd quarter worth approximately $99,000. Captrust Financial Advisors purchased a new stake in BNY Mellon High Yield ETF in the 2nd quarter worth approximately $251,000. Global Assets Advisory LLC bought a new stake in shares of BNY Mellon High Yield ETF during the 3rd quarter valued at $272,000. Finally, MGO One Seven LLC bought a new stake in BNY Mellon High Yield ETF during the second quarter valued at about $277,000.

BNY Mellon High Yield ETF Price Performance

Shares of NYSEARCA:BKHY traded up $0.04 on Tuesday, hitting $48.10. 30,089 shares of the company traded hands, compared to its average volume of 61,806. The stock has a 50 day simple moving average of $48.29 and a 200-day simple moving average of $48.27. BNY Mellon High Yield ETF has a 52 week low of $42.33 and a 52 week high of $48.89.

BNY Mellon High Yield ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 29th will be issued a dividend of $0.3882 per share. The ex-dividend date of this dividend is 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 dividend yield of 9.7%.

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.