Short Interest in BNY Mellon High Yield ETF (NYSEARCA:BKHY) Expands By 173.0%

BNY Mellon High Yield ETF (NYSEARCA:BKHY) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 35,095 shares, a growth of 173.0% from the April 30th total of 12,856 shares. Based on an average daily volume of 14,893 shares, the days-to-cover ratio is currently 2.4 days. Currently, 1.1% of the shares of the stock are short sold.

BNY Mellon High Yield ETF Trading Up 0.2%

BKHY stock traded up $0.08 during trading on Friday, hitting $47.77. The stock had a trading volume of 16,912 shares, compared to its average volume of 71,805. The company’s 50 day moving average price is $47.50 and its two-hundred day moving average price is $47.93. BNY Mellon High Yield ETF has a 1-year low of $46.84 and a 1-year high of $48.89.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in BNY Mellon High Yield ETF by 4.4% in the 1st quarter. Royal Bank of Canada now owns 9,434 shares of the company’s stock valued at $447,000 after buying an additional 394 shares during the period. Cetera Investment Advisers grew its holdings in BNY Mellon High Yield ETF by 5.1% in the 1st quarter. Cetera Investment Advisers now owns 55,680 shares of the company’s stock valued at $2,640,000 after buying an additional 2,722 shares during the period. World Equity Group Inc. grew its holdings in BNY Mellon High Yield ETF by 107.2% in the 1st quarter. World Equity Group Inc. now owns 33,984 shares of the company’s stock valued at $1,611,000 after buying an additional 17,582 shares during the period. Assetmark Inc. grew its holdings in BNY Mellon High Yield ETF by 1.2% in the 1st quarter. Assetmark Inc. now owns 220,382 shares of the company’s stock valued at $10,448,000 after buying an additional 2,630 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in BNY Mellon High Yield ETF by 5.7% in 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 buying an additional 32,400 shares during the period.

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.