BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Shares Shorted: Short Interest Down 91.1% in October

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw a large decline in short interest in the month of October. As of October 30th, there was short interest totaling 37,895 shares, a decline of 91.1% from the October 15th total of 427,858 shares. Based on an average trading volume of 181,122 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of BNY Mellon Core Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of 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 worth $26,000 after acquiring an additional 40,369 shares in the last quarter. Kings Path Partners LLC acquired a new position in BNY Mellon Core Bond ETF in the 3rd quarter worth about $31,000. IFP Advisors Inc acquired a new position in BNY Mellon Core Bond ETF in the 2nd quarter worth about $70,000. Compass Financial Management LLC purchased a new position in BNY Mellon Core Bond ETF during the second quarter worth approximately $112,000. Finally, Trust Co. of Vermont purchased a new position in BNY Mellon Core Bond ETF during the second quarter worth approximately $163,000.

BNY Mellon Core Bond ETF Price Performance

NYSEARCA BKAG traded down $0.24 during trading hours on Thursday, reaching $40.27. The stock had a trading volume of 109,276 shares, compared to its average volume of 339,486. BNY Mellon Core Bond ETF has a 52-week low of $39.67 and a 52-week high of $43.07. The stock has a fifty day moving average of $40.48 and a 200 day moving average of $41.59.

BNY Mellon Core Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Shareholders of record on Monday, November 2nd were paid a dividend of $0.1518 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, November 2nd. This is a decrease from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.2430.

BNY Mellon Core Bond ETF Company Profile

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.