BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Short Interest Update

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw a significant drop in short interest in August. As of August 31st, there was short interest totaling 33,197 shares, a drop of 48.4% from the August 15th total of 64,321 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 156,701 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of BNY Mellon Core Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Talon Private Wealth LLC increased its position in shares of BNY Mellon Core Bond ETF by 2.0% in the second quarter. Talon Private Wealth LLC now owns 1,225,426 shares of the company’s stock valued at $51,407,000 after buying an additional 24,561 shares in the last quarter. Bouchey Financial Group Ltd. acquired a new position in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth approximately $247,000. Integrated Wealth Concepts LLC lifted its position in shares of BNY Mellon Core Bond ETF by 4.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 900,167 shares of the company’s stock valued at $37,762,000 after buying an additional 37,376 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of BNY Mellon Core Bond ETF by 6.8% during the 2nd quarter. NewEdge Advisors LLC now owns 65,159 shares of the company’s stock valued at $2,733,000 after buying an additional 4,175 shares in the last quarter. Finally, IFP Advisors Inc acquired a new stake in BNY Mellon Core Bond ETF in the 2nd quarter valued at $70,000.

BNY Mellon Core Bond ETF Trading Down 0.0%

BNY Mellon Core Bond ETF stock traded down $0.02 during mid-day trading on Wednesday, hitting $40.60. The company had a trading volume of 167,811 shares, compared to its average volume of 230,983. BNY Mellon Core Bond ETF has a 12-month low of $40.58 and a 12-month high of $43.07. The company’s fifty day moving average is $41.30 and its 200-day moving average is $41.78.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were issued a dividend of $0.146 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

About BNY Mellon Core Bond ETF

The BNY Mellon Core Bond ETF (BKAG) is an exchange-traded fund that is based on the Bloomberg US Aggregate Total Return index. The fund tracks a broad index of US investment-grade fixed income securities, including Treasurys, agencies, CMBS, ABS and corporates. BKAG was launched on Apr 24, 2020 and is managed by BNY Mellon.