BNY Mellon Core Bond ETF (NYSEARCA:BKAG) Short Interest Update

BNY Mellon Core Bond ETF (NYSEARCA:BKAG) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 35,452 shares, a decline of 37.7% from the May 14th total of 56,914 shares. Based on an average daily volume of 141,290 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On BNY Mellon Core Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKAG. NewEdge Advisors LLC lifted its position in BNY Mellon Core Bond ETF by 195.8% in the 1st quarter. NewEdge Advisors LLC now owns 60,984 shares of the company’s stock valued at $26,000 after acquiring an additional 40,369 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in BNY Mellon Core Bond ETF in the 4th quarter valued at approximately $35,000. Kestra Advisory Services LLC bought a new position in BNY Mellon Core Bond ETF in the 4th quarter valued at approximately $58,000. Northwestern Mutual Wealth Management Co. lifted its position in BNY Mellon Core Bond ETF by 522.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,518 shares of the company’s stock valued at $64,000 after acquiring an additional 1,274 shares in the last quarter. Finally, Lantern Wealth Advisors LLC bought a new position in BNY Mellon Core Bond ETF in the 2nd quarter valued at approximately $217,000.

BNY Mellon Core Bond ETF Price Performance

Shares of BKAG opened at $41.88 on Monday. The business’s 50 day moving average price is $41.96 and its 200-day moving average price is $42.29. BNY Mellon Core Bond ETF has a 52 week low of $41.36 and a 52 week high of $43.07.

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.