BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Short Interest Up 690.6% in June

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 221,927 shares, a growth of 690.6% from the June 15th total of 28,070 shares. Based on an average daily volume of 138,465 shares, the days-to-cover ratio is currently 1.6 days. Approximately 0.4% of the company’s stock are sold short.

BNY Mellon Core Bond ETF Price Performance

Shares of BNY Mellon Core Bond ETF stock traded down $0.05 during trading on Friday, hitting $41.58. 169,615 shares of the stock were exchanged, compared to its average volume of 188,249. The firm’s 50-day moving average price is $41.83 and its 200 day moving average price is $42.20. BNY Mellon Core Bond ETF has a 12-month low of $41.36 and a 12-month high of $43.07.

Institutional Trading of BNY Mellon Core Bond ETF

Institutional investors have recently bought and sold shares of the business. Carolina Wealth Advisors LLC boosted its position in shares of BNY Mellon Core Bond ETF by 1.9% during the 2nd quarter. Carolina Wealth Advisors LLC now owns 306,994 shares of the company’s stock worth $12,878,000 after acquiring an additional 5,776 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of BNY Mellon Core Bond ETF by 195.8% during the 1st quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock worth $2,574,000 after acquiring an additional 40,369 shares in the last quarter. Maripau Wealth Management LLC raised its position in shares of BNY Mellon Core Bond ETF by 7.8% during the 1st quarter. Maripau Wealth Management LLC now owns 146,567 shares of the company’s stock worth $6,185,000 after acquiring an additional 10,591 shares in the last quarter. Talon Private Wealth LLC purchased a new stake in BNY Mellon Core Bond ETF during the first quarter worth approximately $50,677,000. Finally, Royal Bank of Canada lifted its stake in BNY Mellon Core Bond ETF by 172,097.1% during the first quarter. Royal Bank of Canada now owns 471,820 shares of the company’s stock worth $19,911,000 after purchasing an additional 471,546 shares during 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.