BNY Mellon Core Bond ETF (NYSEARCA:BKAG – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 427,858 shares, an increase of 169.1% from the September 30th total of 159,007 shares. Based on an average trading volume of 384,814 shares, the short-interest ratio is presently 1.1 days. Approximately 1.2% of the shares of the company are short sold.
BNY Mellon Core Bond ETF Price Performance
NYSEARCA BKAG traded up $0.15 on Thursday, hitting $40.71. The stock had a trading volume of 468,670 shares, compared to its average volume of 339,045. BNY Mellon Core Bond ETF has a one year low of $39.67 and a one year high of $43.07. The company’s 50-day moving average is $40.61 and its two-hundred day moving average is $41.68.
BNY Mellon Core Bond ETF Increases Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a dividend of $0.2430 per share. This is a boost from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.1406. The ex-dividend date was Thursday, October 1st. This represents a $2.92 dividend on an annualized basis and a yield of 7.2%.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Kings Path Partners LLC acquired a new stake in BNY Mellon Core Bond ETF in the third quarter worth about $31,000. IFP Advisors Inc bought a new position in BNY Mellon Core Bond ETF in the 2nd quarter valued at about $70,000. Compass Financial Management LLC acquired a new position in BNY Mellon Core Bond ETF during the 2nd quarter valued at about $112,000. Bouchey Financial Group Ltd. bought a new position in shares of BNY Mellon Core Bond ETF in the second quarter valued at approximately $247,000. Finally, Trust Co. of Vermont bought a new position in shares of BNY Mellon Core Bond ETF in the second quarter valued at approximately $163,000.
BNY Mellon Core Bond ETF Company Profile
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.
Read More
- Five stocks we like better than BNY Mellon Core Bond ETF
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
- GE Vernova’s Reservations Are Turning Into Real Orders—But the Market Still Wants More.
- Where’s the Beef? Trian-Led Buyout Proposal Values Wendy’s at $1.4B, But Is It Enough?
Receive News & Ratings for BNY Mellon Core Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BNY Mellon Core Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
