BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Short Interest Down 48.4% in August

BNY Mellon Core Bond ETF (NYSEARCA:BKAGGet Free Report) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 33,197 shares, a decline of 48.4% from the August 15th total of 64,321 shares. Based on an average daily trading volume, of 156,701 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of BNY Mellon Core Bond ETF

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc purchased a new stake in BNY Mellon Core Bond ETF in the second quarter worth $70,000. Compass Financial Management LLC bought a new stake in BNY Mellon Core Bond ETF during the second quarter valued at about $112,000. Bouchey Financial Group Ltd. bought a new position in shares of BNY Mellon Core Bond ETF during the 2nd quarter worth approximately $247,000. Trust Co. of Vermont purchased a new stake in shares of BNY Mellon Core Bond ETF during the 2nd quarter valued at $163,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of BNY Mellon Core Bond ETF during the fourth quarter worth about $364,000.

BNY Mellon Core Bond ETF Stock Down 0.2%

NYSEARCA BKAG traded down $0.07 on Tuesday, reaching $40.59. 131,057 shares of the company’s stock traded hands, compared to its average volume of 231,003. The stock has a 50-day simple moving average of $41.32 and a 200 day simple moving average of $41.80. BNY Mellon Core Bond ETF has a 12 month low of $40.58 and a 12 month high of $43.07.

BNY Mellon Core Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were issued a $0.146 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.3%.

About BNY Mellon Core Bond ETF

(Get Free Report)

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.

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