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

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the target of a significant growth in short interest in the month of 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. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 24,655 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Trading of BNY Mellon High Yield ETF

Institutional investors have recently made changes to their positions in the business. Aptus Capital Advisors LLC acquired a new position in BNY Mellon High Yield ETF during the 3rd quarter worth $41,000. Total Investment Management Inc. bought a new position in BNY Mellon High Yield ETF in the second quarter valued at about $99,000. Captrust Financial Advisors acquired a new stake in BNY Mellon High Yield ETF in the second quarter worth about $251,000. Global Assets Advisory LLC bought a new stake in BNY Mellon High Yield ETF during the 3rd quarter worth about $272,000. Finally, MGO One Seven LLC acquired a new position in BNY Mellon High Yield ETF during the 2nd quarter valued at about $277,000.

BNY Mellon High Yield ETF Price Performance

BNY Mellon High Yield ETF stock traded down $0.03 during mid-day trading on Thursday, reaching $48.07. The company had a trading volume of 37,788 shares, compared to its average volume of 61,710. The company has a 50 day moving average of $48.28 and a 200-day 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 company 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. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date of this dividend is Monday, December 29th. This is a boost from BNY Mellon High Yield ETF’s previous monthly dividend of $0.25.

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.