BNY Mellon Core Bond ETF (NYSEARCA:BKAG – Get Free Report) saw a significant drop in short interest in October. As of October 30th, there was short interest totaling 37,895 shares, a drop of 91.1% from the October 15th total of 427,858 shares. Based on an average daily trading volume, of 181,122 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.
BNY Mellon Core Bond ETF Price Performance
NYSEARCA:BKAG opened at $40.18 on Friday. BNY Mellon Core Bond ETF has a 52-week low of $39.67 and a 52-week high of $43.07. The stock has a fifty day moving average of $40.46 and a 200 day moving average of $41.58.
BNY Mellon Core Bond ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Thursday, November 5th. Investors of record on Monday, November 2nd were paid a $0.1518 dividend. This is a decrease from BNY Mellon Core Bond ETF’s previous monthly dividend of $0.2430. This represents a $1.82 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, November 2nd.
Hedge Funds Weigh In On BNY Mellon Core Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its position in shares of BNY Mellon Core Bond ETF by 88.2% during the 1st quarter. Bank of New York Mellon Corp now owns 5,280,228 shares of the company’s stock valued at $222,826,000 after buying an additional 2,474,687 shares in the last quarter. Talon Private Wealth LLC grew its position in BNY Mellon Core Bond ETF by 2.0% in the second quarter. Talon Private Wealth LLC now owns 1,225,426 shares of the company’s stock worth $51,407,000 after acquiring an additional 24,561 shares in the last quarter. Signal Advisors Wealth LLC increased its stake in BNY Mellon Core Bond ETF by 7.4% in the third quarter. Signal Advisors Wealth LLC now owns 1,140,641 shares of the company’s stock valued at $45,703,000 after acquiring an additional 78,172 shares during the last quarter. Integrated Wealth Concepts LLC increased its stake in BNY Mellon Core Bond ETF by 4.3% in the second quarter. Integrated Wealth Concepts LLC now owns 900,167 shares of the company’s stock valued at $37,762,000 after acquiring an additional 37,376 shares during the last quarter. Finally, Glen Eagle Advisors LLC increased its stake in BNY Mellon Core Bond ETF by 8.5% in the first quarter. Glen Eagle Advisors LLC now owns 716,350 shares of the company’s stock valued at $30,230,000 after acquiring an additional 56,353 shares during the last quarter.
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.
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