BNY Mellon High Yield ETF (NYSEARCA:BKHY) Short Interest Down 32.5% in August

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 15,509 shares, a decrease of 32.5% from the August 15th total of 22,969 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 20,947 shares, the short-interest ratio is presently 0.7 days.

BNY Mellon High Yield ETF Stock Up 0.4%

Shares of BKHY stock traded up $0.16 during mid-day trading on Thursday, hitting $46.72. 5,491 shares of the stock traded hands, compared to its average volume of 50,077. BNY Mellon High Yield ETF has a twelve month low of $46.53 and a twelve month high of $48.89. The company’s 50-day simple moving average is $47.19 and its 200-day simple moving average is $47.40.

BNY Mellon High Yield ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.2774 per share. This is an increase from BNY Mellon High Yield ETF’s previous monthly dividend of $0.27. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Monday, August 3rd.

Institutional Investors Weigh In On BNY Mellon High Yield ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the business. RPOA Advisors Inc. boosted its holdings in BNY Mellon High Yield ETF by 5.7% during the fourth quarter. RPOA Advisors Inc. now owns 4,930,541 shares of the company’s stock worth $237,011,000 after buying an additional 264,798 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of BNY Mellon High Yield ETF by 5.7% during the 1st quarter. Bank of New York Mellon Corp now owns 604,705 shares of the company’s stock valued at $28,669,000 after acquiring an additional 32,400 shares during the last quarter. World Equity Group Inc. lifted its position in shares of BNY Mellon High Yield ETF by 107.2% during the 1st quarter. World Equity Group Inc. now owns 33,984 shares of the company’s stock valued at $1,611,000 after acquiring an additional 17,582 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of BNY Mellon High Yield ETF by 6,208.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 11,859 shares of the company’s stock worth $570,000 after acquiring an additional 11,671 shares in the last quarter. Finally, ShoreHaven Wealth Partners LLC grew its holdings in shares of BNY Mellon High Yield ETF by 7.2% in the 4th quarter. ShoreHaven Wealth Partners LLC now owns 59,685 shares of the company’s stock worth $2,869,000 after acquiring an additional 3,994 shares during the last quarter.

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.