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

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the target of a large decrease in short interest in December. As of December 31st, there was short interest totaling 5,114 shares, a decrease of 30.8% from the December 15th total of 7,385 shares. Based on an average daily trading volume, of 101,587 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 101,587 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

BNY Mellon High Yield ETF Stock Performance

BKHY stock traded up $0.05 during midday trading on Friday, hitting $48.37. 22,584 shares of the company’s stock were exchanged, compared to its average volume of 32,744. BNY Mellon High Yield ETF has a one year low of $42.33 and a one year high of $48.89. The stock’s fifty day moving average price is $48.25 and its 200-day moving average price is $48.29.

BNY Mellon High Yield ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were given a $0.3882 dividend. The ex-dividend date was Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 9.6%. 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.