---
title: "Bank of America Adjusts Stake in Drax Group PLC"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/208699879.md"
description: "Bank of America Corporation has adjusted its stake in Drax Group PLC, now holding a combined total of 9.306842% through direct shares and financial instruments. This is a notable change in major shareholdings. The financial dealings include various types of financial instruments such as physical swaps and cash-settled swaps. This update was announced on July 9, 2024."
datetime: "2024-07-12T10:49:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/208699879.md)
  - [en](https://longbridge.com/en/news/208699879.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/208699879.md)
---

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# Bank of America Adjusts Stake in Drax Group PLC

Drax Group plc (**GB:DRX**) has released an update.

Drax Group PLC has announced a notable change in their major shareholdings, with Bank of America Corporation adjusting its stake. On July 9, 2024, Bank of America crossed a threshold that affected its total voting rights, now holding a combined total of 9.306842% through direct shares and financial instruments. The financial dealings include various types of financial instruments such as physical swaps and cash-settled swaps, with the most recent notification to Drax Group PLC made on July 11, 2024.

For further insights into GB:DRX stock, check out TipRanks’ Stock Analysis page.

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