BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Short Interest Down 81.9% in July

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) saw 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. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 113,292 shares, the days-to-cover ratio is currently 0.4 days.

BNY Mellon Core Bond ETF Price Performance

BKAG traded up $0.03 during trading on Friday, hitting $41.32. 213,752 shares of the company traded hands, compared to its average volume of 187,858. BNY Mellon Core Bond ETF has a one year low of $41.24 and a one year high of $43.07. The stock’s fifty day moving average is $41.75 and its 200 day moving average is $42.13.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sightline Wealth Advisors LLC bought a new stake in BNY Mellon Core Bond ETF in the 4th quarter valued at about $2,041,000. CENTRAL TRUST Co boosted its position in BNY Mellon Core Bond ETF by 9.9% during the fourth 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 during the period. Savvy Advisors Inc. purchased a new position in shares of BNY Mellon Core Bond ETF in the fourth quarter worth about $1,419,000. Stiles Financial Services Inc purchased a new position in shares of BNY Mellon Core Bond ETF in the fourth quarter worth about $1,310,000. Finally, Krilogy Financial LLC purchased a new position in shares of BNY Mellon Core Bond ETF in the first quarter worth about $695,000.

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.