BNY Mellon High Yield ETF (NYSEARCA:BKHY) Sees Significant Decrease in Short Interest

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

BNY Mellon High Yield ETF Price Performance

NYSEARCA BKHY traded up $0.03 on Friday, hitting $47.54. 6,437 shares of the company traded hands, compared to its average volume of 66,478. The business’s 50 day moving average price is $47.55 and its 200-day moving average price is $47.88. BNY Mellon High Yield ETF has a 52-week low of $46.84 and a 52-week high of $48.89.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

Several large investors have recently made changes to their positions in the company. RPOA Advisors Inc. increased its holdings in shares of BNY Mellon High Yield ETF by 5.7% in the fourth quarter. RPOA Advisors Inc. now owns 4,930,541 shares of the company’s stock worth $237,011,000 after purchasing an additional 264,798 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of BNY Mellon High Yield ETF by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 604,705 shares of the company’s stock worth $28,669,000 after purchasing an additional 32,400 shares during the last quarter. Assetmark Inc. increased its holdings in shares of BNY Mellon High Yield ETF by 80.5% in the third quarter. Assetmark Inc. now owns 387,420 shares of the company’s stock worth $18,868,000 after purchasing an additional 172,771 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of BNY Mellon High Yield ETF by 19.7% in the third quarter. Envestnet Asset Management Inc. now owns 147,391 shares of the company’s stock worth $7,178,000 after purchasing an additional 24,265 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in shares of BNY Mellon High Yield ETF by 68.6% in the second quarter. JPMorgan Chase & Co. now owns 99,034 shares of the company’s stock worth $4,782,000 after purchasing an additional 40,297 shares during the last quarter.

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.