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 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 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 Trading Down 0.1%

BNY Mellon Core Bond ETF stock traded down $0.03 during trading hours on Wednesday, hitting $40.51. The stock had a trading volume of 160,148 shares, compared to its average volume of 340,294. The company has a 50-day moving average of $40.49 and a two-hundred day moving average of $41.60. BNY Mellon Core Bond ETF has a fifty-two week low of $39.67 and a fifty-two week high of $43.07.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a dividend of $0.1518 per share. This is a drop from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.2430. 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of BKAG. Bank of New York Mellon Corp lifted its position in BNY Mellon Core Bond ETF by 88.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock valued at $222,826,000 after purchasing an additional 2,474,687 shares during the period. Talon Private Wealth LLC acquired a new position in BNY Mellon Core Bond ETF during the first quarter valued at approximately $50,677,000. Royal Bank of Canada increased its stake in BNY Mellon Core Bond ETF by 172,097.1% in the first quarter. Royal Bank of Canada now owns 471,820 shares of the company’s stock valued at $19,911,000 after purchasing an additional 471,546 shares in the last quarter. Signal Advisors Wealth LLC increased its stake in BNY Mellon Core Bond ETF by 7.4% in the third quarter. Signal Advisors Wealth LLC now owns 1,140,641 shares of the company’s stock valued at $45,703,000 after purchasing an additional 78,172 shares in the last quarter. Finally, Glen Eagle Advisors LLC increased its stake in BNY Mellon Core Bond ETF by 8.5% in the first quarter. Glen Eagle Advisors LLC now owns 716,350 shares of the company’s stock valued at $30,230,000 after purchasing an additional 56,353 shares in the last quarter.

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.