Short Interest in BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Drops By 37.7%

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 35,452 shares, a drop of 37.7% from the May 14th total of 56,914 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 141,290 shares, the days-to-cover ratio is presently 0.3 days.

BNY Mellon Core Bond ETF Stock Up 0.0%

Shares of BKAG traded up $0.01 during mid-day trading on Wednesday, hitting $41.97. The company’s stock had a trading volume of 4,450 shares, compared to its average volume of 193,893. The firm has a 50-day simple moving average of $41.95 and a 200 day simple moving average of $42.28. BNY Mellon Core Bond ETF has a 1-year low of $41.36 and a 1-year high of $43.07.

Institutional Trading of BNY Mellon Core Bond ETF

Hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings in shares of BNY Mellon Core Bond ETF by 195.8% in the 1st quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock valued at $26,000 after buying an additional 40,369 shares during the period. Princeton Global Asset Management LLC acquired a new stake in shares of BNY Mellon Core Bond ETF in the 4th quarter valued at approximately $35,000. Kestra Advisory Services LLC acquired a new stake in shares of BNY Mellon Core Bond ETF in the 4th quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of BNY Mellon Core Bond ETF by 522.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518 shares of the company’s stock valued at $64,000 after buying an additional 1,274 shares during the period. Finally, Lantern Wealth Advisors LLC acquired a new stake in shares of BNY Mellon Core Bond ETF in the 2nd quarter valued at approximately $217,000.

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.