The short interest in Bank Of New York Mellon Corporation (The) (NYSE:BK) has increased from 7,783,225 on May 31,2016 to 8,447,548 on June 15,2016. The change was measured at 664,323 shares or 8.5%. The leftover shorts were 0.8% of the floated shares. The days to cover are 2, given the average daily volume of 5,122,542 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Bank Of New York Mellon Corporation (The) (NYSE:BK): The stock opened at $39.38 on Friday but the bulls could not build on the opening and the stock topped out at $39.60 for the day. The stock traded down to $37.96 during the day, due to lack of any buying support eventually closed down at $37.99 with a loss of -8.55% for the day. The stock had closed at $41.54 on the previous day. The total traded volume was 12,061,947 shares.
The company shares have dropped -9.09% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $45.45 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $40.85 and the 200 Day Moving Average price is recorded at $38.50.
Bank Of New York Mellon Corporation (The) (NYSE:BK) has tumbled 5.17% during the past week and has dropped 10.13% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.59%. Bank Of New York Mellon Corporation (The) (NYSE:BK) has underperformed the index by 7.41% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
The Bank of New York Mellon Corporation is a provider of financial products and services in domestic and international markets. Through its two principal businesses, Investment Management and Investment Services, it serves institutions, corporations and high net worth individuals. For institutions and corporations, it provides investment management, trust and custody, foreign exchange, fund administration, global collateral services, securities lending, depositary receipts, corporate trust, global payment/cash management, banking services and clearing services. For individuals, it provides mutual funds, separate accounts, wealth management and private banking services. BNY Mellons investment management businesses provide investment products in different asset classes and investment styles. The Company has $28.5 trillion in assets under custody and/or administration and $1.7 trillion in assets under management as of December 31, 2014.