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

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the target of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 38,588 shares, a drop of 89.1% from the April 15th total of 353,273 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 106,683 shares, the short-interest ratio is currently 0.4 days.

BNY Mellon Core Bond ETF Trading Down 0.3%

NYSEARCA BKAG traded down $0.11 during trading on Tuesday, reaching $41.84. 56,680 shares of the company’s stock traded hands, compared to its average volume of 209,160. The company’s 50 day simple moving average is $42.20 and its two-hundred day simple moving average is $42.45. BNY Mellon Core Bond ETF has a 12-month low of $41.12 and a 12-month high of $43.07.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a $0.1379 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of BNY Mellon Core Bond ETF by 88.2% in the 1st quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock worth $222,826,000 after buying an additional 2,474,687 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of BNY Mellon Core Bond ETF by 7.2% in the 1st quarter. Sanctuary Advisors LLC now owns 20,691 shares of the company’s stock worth $873,000 after buying an additional 1,390 shares during the last quarter. Stiles Financial Services Inc grew its position in shares of BNY Mellon Core Bond ETF by 6.2% in the 1st quarter. Stiles Financial Services Inc now owns 32,825 shares of the company’s stock worth $1,385,000 after buying an additional 1,909 shares during the last quarter. GM Advisory Group LLC grew its position in shares of BNY Mellon Core Bond ETF by 5.4% in the 1st quarter. GM Advisory Group LLC now owns 615,975 shares of the company’s stock worth $25,994,000 after buying an additional 31,715 shares during the last quarter. Finally, Merited Wealth LLC purchased a new position in shares of BNY Mellon Core Bond ETF in the 1st quarter worth approximately $753,000.

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.