BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Short Interest Down 31.7% in May

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the target of a large decline in short interest in the month of May. As of May 31st, there was short interest totalling 26,900 shares, a decline of 31.7% from the May 15th total of 39,400 shares. Based on an average daily volume of 182,100 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Trading of BNY Mellon Core Bond ETF

Several institutional investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of BNY Mellon Core Bond ETF by 1,006.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 77,716 shares of the company’s stock worth $3,203,000 after acquiring an additional 70,691 shares during the period. Advisory Services Network LLC bought a new stake in shares of BNY Mellon Core Bond ETF in the fourth quarter worth approximately $219,000. NewEdge Advisors LLC grew its stake in shares of BNY Mellon Core Bond ETF by 690.0% in the fourth quarter. NewEdge Advisors LLC now owns 1,264 shares of the company’s stock worth $52,000 after acquiring an additional 1,104 shares during the period. Citadel Advisors LLC grew its stake in shares of BNY Mellon Core Bond ETF by 3,306.0% in the fourth quarter. Citadel Advisors LLC now owns 579,231 shares of the company’s stock worth $23,876,000 after acquiring an additional 562,225 shares during the period. Finally, LPL Financial LLC grew its stake in shares of BNY Mellon Core Bond ETF by 12.0% in the fourth quarter. LPL Financial LLC now owns 159,996 shares of the company’s stock worth $6,595,000 after acquiring an additional 17,143 shares during the period.

BNY Mellon Core Bond ETF Stock Up 0.1%

NYSEARCA:BKAG opened at $41.62 on Tuesday. The firm’s 50-day moving average price is $41.59 and its 200-day moving average price is $41.62. BNY Mellon Core Bond ETF has a 1-year low of $40.74 and a 1-year high of $43.51.

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.