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

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 35,452 shares, a decline of 37.7% from the May 14th total of 56,914 shares. Based on an average daily trading volume, of 141,290 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BKAG. Collective Family Office LLC grew its position in BNY Mellon Core Bond ETF by 49.5% in the fourth quarter. Collective Family Office LLC now owns 37,534 shares of the company’s stock valued at $1,591,000 after acquiring an additional 12,421 shares during the period. Sightline Wealth Advisors LLC acquired a new stake in shares of BNY Mellon Core Bond ETF in the 4th quarter valued at $2,041,000. Flow Traders U.S. LLC bought a new stake in shares of BNY Mellon Core Bond ETF in the 3rd quarter worth about $3,473,000. CENTRAL TRUST Co increased its position in shares of BNY Mellon Core Bond ETF by 9.9% during the 4th quarter. CENTRAL TRUST Co now owns 637,074 shares of the company’s stock worth $27,001,000 after purchasing an additional 57,296 shares in the last quarter. Finally, Savvy Advisors Inc. bought a new position in BNY Mellon Core Bond ETF during the 4th quarter valued at about $1,419,000.

BNY Mellon Core Bond ETF Stock Up 0.1%

BKAG stock traded up $0.06 during mid-day trading on Tuesday, reaching $41.96. 85,888 shares of the stock traded hands, compared to its average volume of 195,442. BNY Mellon Core Bond ETF has a 52 week low of $41.36 and a 52 week high of $43.07. The business has a 50-day moving average of $41.95 and a two-hundred day moving average of $42.29.

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.