BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Stock Short Interest Report for October

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the recipient of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 427,858 shares, an increase of 169.1% from the September 30th total of 159,007 shares. Based on an average trading volume of 384,814 shares, the short-interest ratio is currently 1.1 days. Currently, 1.2% of the shares of the stock are short sold.

BNY Mellon Core Bond ETF Stock Performance

Shares of BKAG stock traded up $0.06 during mid-day trading on Friday, reaching $40.77. 317,028 shares of the stock traded hands, compared to its average volume of 338,143. The stock’s fifty day simple moving average is $40.59 and its two-hundred day simple moving average is $41.67. BNY Mellon Core Bond ETF has a 1-year low of $39.67 and a 1-year high of $43.07.

BNY Mellon Core Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were issued a $0.2430 dividend. This is a boost from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406. This represents a $2.92 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend was Thursday, October 1st.

Institutional Trading of BNY Mellon Core Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its holdings in BNY Mellon Core Bond ETF by 195.8% during the 1st quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock valued at $26,000 after acquiring an additional 40,369 shares during the period. Kings Path Partners LLC bought a new stake in shares of BNY Mellon Core Bond ETF during the third quarter valued at approximately $31,000. IFP Advisors Inc bought a new stake in BNY Mellon Core Bond ETF in the 2nd quarter worth approximately $70,000. Compass Financial Management LLC purchased a new stake in shares of BNY Mellon Core Bond ETF in the 2nd quarter worth $112,000. Finally, Trust Co. of Vermont bought a new position in shares of BNY Mellon Core Bond ETF in the second quarter worth about $163,000.

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.