BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Sees Large Growth in Short Interest

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 159,007 shares, a growth of 762.5% from the September 15th total of 18,436 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 2,172,573 shares, the days-to-cover ratio is presently 0.1 days.

BNY Mellon Core Bond ETF Stock Down 0.0%

BKAG traded down $0.02 on Friday, hitting $39.99. The company’s stock had a trading volume of 142,815 shares, compared to its average volume of 346,844. BNY Mellon Core Bond ETF has a 12 month low of $39.67 and a 12 month high of $43.07. The company’s 50 day simple moving average is $40.85 and its 200-day simple moving average is $41.50.

BNY Mellon Core Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2430 per share. This is an increase 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 7.3%. The ex-dividend date was Thursday, October 1st.

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

Large investors have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC bought a new stake in shares of BNY Mellon Core Bond ETF during the 2nd quarter valued at $2,039,000. CENTRAL TRUST Co lifted its holdings in BNY Mellon Core Bond ETF by 10.5% during the 1st quarter. CENTRAL TRUST Co now owns 703,812 shares of the company’s stock worth $29,701,000 after purchasing an additional 66,738 shares in the last quarter. Krilogy Financial LLC bought a new position in BNY Mellon Core Bond ETF in the 1st quarter worth about $695,000. Integrated Wealth Concepts LLC boosted 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 worth $37,762,000 after purchasing an additional 37,376 shares during the period. Finally, Lord & Richards Wealth Management LLC boosted its stake in BNY Mellon Core Bond ETF by 6.5% in the 2nd quarter. Lord & Richards Wealth Management LLC now owns 255,358 shares of the company’s stock worth $10,712,000 after purchasing an additional 15,642 shares during the period.

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.