BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Short Interest Update

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 40,082 shares, a decline of 81.9% from the June 30th total of 221,927 shares. Based on an average daily volume of 113,292 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

A number of large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of BNY Mellon Core Bond ETF by 88.2% in 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 last quarter. Talon Private Wealth LLC acquired a new stake in shares of BNY Mellon Core Bond ETF during the 1st quarter worth $50,677,000. Royal Bank of Canada raised its position in shares of BNY Mellon Core Bond ETF by 172,097.1% in the 1st quarter. Royal Bank of Canada now owns 471,820 shares of the company’s stock worth $19,911,000 after buying an additional 471,546 shares during the period. Aptus Capital Advisors LLC increased its stake in BNY Mellon Core Bond ETF by 13.2% during the fourth quarter. Aptus Capital Advisors LLC now owns 1,084,875 shares of the company’s stock worth $46,037,000 after acquiring an additional 126,686 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of BNY Mellon Core Bond ETF in the 4th quarter worth about $4,006,000.

BNY Mellon Core Bond ETF Trading Up 0.2%

BNY Mellon Core Bond ETF stock traded up $0.09 during midday trading on Monday, hitting $41.41. 132,049 shares of the company’s stock were exchanged, compared to its average volume of 187,455. BNY Mellon Core Bond ETF has a 12-month low of $41.24 and a 12-month high of $43.07. The firm’s 50 day simple moving average is $41.75 and its 200 day simple moving average is $42.13.

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.