(BKHY) BNY Mellon High Yield Beta - Ratings and Ratios
Exchange: NYSE ARCA • Country: USA • Currency: USD • Type: Etf • ISIN: US09661T8009 • High Yield Bond
BKHY: High Yield Bonds, ETFs
The BNY Mellon High Yield Beta ETF (NYSE ARCA: BKHY) is designed to deliver exposure to the U.S. high-yield bond market through a diversified portfolio. The fund typically allocates at least 80% of its net assets, plus any borrowings for investment purposes, to high-yield securities and ETFs that track such securities. This investment policy is subject to change by the funds board, with a 60-day notice period to shareholders. The funds managers define high-yield securities as those eligible for inclusion in the index, which generally includes bonds rated below investment grade but considered higher risk with potentially higher returns.
Technically, BKHY has shown stability with a 20-day average volume of 32,108 shares, indicating moderate liquidity. Its last price of $48.44 is slightly above its 20-day SMA of $48.20, suggesting short-term upward momentum. The 50-day SMA of $47.85 and 200-day SMA of $46.70 further support the bullish trend. The ATR of 0.18 reflects low volatility, indicating price stability. With an AUM of $351.34 million, the fund maintains a solid scale in the high-yield bond ETF category.
3-Month Forecast: Based on the current technical and fundamental trends, BKHY is expected to maintain its upward trajectory, with potential resistance near $49.00. Support levels are likely to hold around $47.50, given the 50-day SMA. The funds low ATR suggests continued price stability, with minimal downside risk. Fundamentally, the high-yield bond markets performance will remain a key driver, influenced by broader macroeconomic conditions and credit spreads.Additional Sources for BKHY ETF
Tweets: X Stocktwits
Fund Manager Positions: Dataroma Stockcircle
BKHY ETF Overview
| Market Cap in USD | 358m |
| Category | High Yield Bond |
| TER | 0.22% |
| IPO / Inception | 2020-04-22 |
BKHY ETF Ratings
| Growth 5y | 58.6% |
| Fundamental | - |
| Dividend | 74.0% |
| Rel. Strength Industry | 7.46 |
| Analysts | - |
| Fair Price Momentum | 48.65 USD |
| Fair Price DCF | - |
BKHY Dividends
| Dividend Yield 12m | 6.93% |
| Yield on Cost 5y | 9.23% |
| Annual Growth 5y | 6.04% |
| Payout Consistency | 94.2% |
BKHY Growth Ratios
| Growth Correlation 3m | 77.2% |
| Growth Correlation 12m | 97.4% |
| Growth Correlation 5y | 56.1% |
| CAGR 5y | 6.24% |
| CAGR/Max DD 5y | 0.38 |
| Sharpe Ratio 12m | 2.23 |
| Alpha | 3.02 |
| Beta | 0.21 |
| Volatility | 4.46% |
| Current Volume | 16.5k |
| Average Volume 20d | 27.5k |
As of March 15, 2025, the stock is trading at USD 47.62 with a total of 16,494 shares traded.
Over the past week, the price has changed by -0.82%, over one month by -0.81%, over three months by +0.37% and over the past year by +8.55%.
Partly, yes. Based on ValueRay Analyses, BNY Mellon High Yield Beta (NYSE ARCA:BKHY) is currently (March 2025) ok to buy, but has to be watched. It has a Growth Technical Rating of 58.59 and therefor an somewhat technical positive rating according to historical growth.
Based on ValueRays Analyses, Dividends and Discounted-Cash-Flow, the Fair Value of BKHY as of March 2025 is 48.65. This means that BKHY is currently overvalued and has a potential downside of 2.16%.
BNY Mellon High Yield Beta has no consensus analysts rating.
According to ValueRays Forecast Model, BKHY BNY Mellon High Yield Beta will be worth about 52.9 in March 2026. The stock is currently trading at 47.62. This means that the stock has a potential upside of +11.07%.
| Issuer | Forecast | Upside |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 52.9 | 11.1% |