Short Interest in BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Decreases By 89.1%

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

Institutional Trading of BNY Mellon Core Bond ETF

A number of institutional investors have recently made changes to their positions in BKAG. Stratos Wealth Partners LTD. raised its holdings in shares of BNY Mellon Core Bond ETF by 4.4% during the fourth quarter. Stratos Wealth Partners LTD. now owns 13,000 shares of the company’s stock valued at $551,000 after purchasing an additional 547 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new stake in BNY Mellon Core Bond ETF in the third quarter worth approximately $28,000. Lantern Wealth Advisors LLC boosted its holdings in BNY Mellon Core Bond ETF by 13.7% in the third quarter. Lantern Wealth Advisors LLC now owns 5,861 shares of the company’s stock worth $250,000 after purchasing an additional 708 shares during the last quarter. Lord & Richards Wealth Management LLC grew its position in BNY Mellon Core Bond ETF by 0.3% in the 1st quarter. Lord & Richards Wealth Management LLC now owns 239,716 shares of the company’s stock worth $10,116,000 after purchasing an additional 750 shares during the period. Finally, Wells Fargo & Company MN grew its position in BNY Mellon Core Bond ETF by 9.0% in the 4th quarter. Wells Fargo & Company MN now owns 9,946 shares of the company’s stock worth $422,000 after purchasing an additional 820 shares during the period.

BNY Mellon Core Bond ETF Trading Down 0.0%

Shares of NYSEARCA:BKAG traded down $0.02 during midday trading on Thursday, reaching $41.81. 69,465 shares of the company’s stock traded hands, compared to its average volume of 210,091. BNY Mellon Core Bond ETF has a one year low of $41.12 and a one year high of $43.07. The stock has a 50 day moving average of $42.16 and a 200 day moving average of $42.43.

BNY Mellon Core Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders 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 yield of 4.0%.

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.