BNY Mellon High Yield ETF (NYSEARCA:BKHY) Sees Significant Decline in Short Interest
by Michael Walen · The Markets DailyBNY Mellon High Yield ETF (NYSEARCA:BKHY – Get Free Report) was the recipient of a large decrease in short interest in 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. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 20,947 shares, the short-interest ratio is presently 0.7 days.
Hedge Funds Weigh In On BNY Mellon High Yield ETF
Several institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position 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 in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in BNY Mellon High Yield ETF by 6,208.0% in the fourth 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. Janney Montgomery Scott LLC grew its stake in BNY Mellon High Yield ETF by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 16,460 shares of the company’s stock valued at $780,000 after acquiring an additional 1,360 shares during the period. Rodgers & Associates LTD grew its stake in BNY Mellon High Yield ETF by 4.7% in the second quarter. Rodgers & Associates LTD now owns 32,124 shares of the company’s stock valued at $932,000 after acquiring an additional 1,439 shares during the period. Finally, Symphony Financial Ltd. Co. increased its holdings in shares of BNY Mellon High Yield ETF by 7.9% during the second quarter. Symphony Financial Ltd. Co. now owns 20,841 shares of the company’s stock valued at $992,000 after acquiring an additional 1,533 shares in the last quarter.
BNY Mellon High Yield ETF Stock Up 0.3%
Shares of BKHY stock opened at $46.72 on Friday. The firm has a 50 day moving average of $47.18 and a 200-day moving average of $47.39. BNY Mellon High Yield ETF has a 52 week low of $46.53 and a 52 week high of $48.89.
BNY Mellon High Yield ETF Increases Dividend
The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a $0.2774 dividend. The ex-dividend date was Monday, August 3rd. This is a positive change from BNY Mellon High Yield ETF’s previous monthly dividend of $0.27. This represents a c) dividend on an annualized basis and a yield of 7.1%.
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.