BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Up 93.3% in January

BNY Mellon High Yield ETF (NYSEARCA:BKHY) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 9,886 shares, a growth of 93.3% from the December 31st total of 5,114 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 33,808 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 33,808 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

Several institutional investors and hedge funds have recently modified their holdings of BKHY. Sellwood Investment Partners LLC boosted its stake in shares of BNY Mellon High Yield ETF by 18.9% during the 4th quarter. Sellwood Investment Partners LLC now owns 23,034 shares of the company’s stock valued at $1,107,000 after purchasing an additional 3,667 shares in the last quarter. Fifth Third Securities Inc. bought a new position in shares of BNY Mellon High Yield ETF in the 4th quarter worth approximately $225,000. Crux Wealth Advisors raised its position in shares of BNY Mellon High Yield ETF by 7.9% in the 4th quarter. Crux Wealth Advisors now owns 53,301 shares of the company’s stock worth $2,562,000 after acquiring an additional 3,898 shares in the last quarter. Global View Capital Management LLC lifted its stake in shares of BNY Mellon High Yield ETF by 2.3% in the 4th quarter. Global View Capital Management LLC now owns 11,195 shares of the company’s stock valued at $538,000 after purchasing an additional 252 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of BNY Mellon High Yield ETF by 1.4% during the third quarter. Integrated Wealth Concepts LLC now owns 72,626 shares of the company’s stock valued at $3,537,000 after purchasing an additional 1,022 shares in the last quarter.

BNY Mellon High Yield ETF Stock Up 0.0%

NYSEARCA BKHY opened at $48.42 on Friday. BNY Mellon High Yield ETF has a one year low of $42.33 and a one year high of $48.89. The business has a 50 day simple moving average of $48.30 and a 200 day simple moving average of $48.32.

BNY Mellon High Yield ETF Increases Dividend

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

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.