Short Interest in BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Decreases By 48.4%

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the recipient of a significant drop in short interest during the month of 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. Based on an average daily volume of 156,701 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are sold short.

BNY Mellon Core Bond ETF Price Performance

Shares of NYSEARCA:BKAG traded down $0.07 during trading on Tuesday, hitting $40.59. 131,057 shares of the stock traded hands, compared to its average volume of 231,003. The company has a fifty day moving average price of $41.32 and a two-hundred day moving average price of $41.80. BNY Mellon Core Bond ETF has a 52-week low of $40.58 and a 52-week high of $43.07.

BNY Mellon Core Bond ETF Cuts Dividend

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

Institutional Inflows and Outflows

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

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.