BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Significant Increase in Short Interest

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a large growth in short interest in September. As of September 30th, there was short interest totaling 2,739 shares, a growth of 71.6% from the September 15th total of 1,596 shares. Based on an average trading volume of 54,804 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On BNY Mellon US Mid Cap Core Equity ETF

A number of large investors have recently bought and sold shares of BKMC. Bank of New York Mellon Corp lifted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the first quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock valued at $60,719,000 after acquiring an additional 35,792 shares in the last quarter. Krilogy Financial LLC increased its position in BNY Mellon US Mid Cap Core Equity ETF by 198.2% during the 3rd quarter. Krilogy Financial LLC now owns 6,591 shares of the company’s stock worth $256,000 after purchasing an additional 4,381 shares in the last quarter. Key Financial Inc raised its stake in BNY Mellon US Mid Cap Core Equity ETF by 78.8% in the 1st quarter. Key Financial Inc now owns 7,253 shares of the company’s stock valued at $800,000 after purchasing an additional 3,196 shares during the last quarter. Citadel Advisors LLC raised its stake in BNY Mellon US Mid Cap Core Equity ETF by 53.7% in the 2nd quarter. Citadel Advisors LLC now owns 7,428 shares of the company’s stock valued at $920,000 after purchasing an additional 2,594 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in BNY Mellon US Mid Cap Core Equity ETF by 1.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock valued at $7,668,000 after purchasing an additional 1,310 shares during the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

BKMC traded up $0.40 during midday trading on Thursday, reaching $38.71. 6,413 shares of the company’s stock were exchanged, compared to its average volume of 85,536. BNY Mellon US Mid Cap Core Equity ETF has a 1-year low of $34.30 and a 1-year high of $42.07. The stock has a market capitalization of $639.09 million, a PE ratio of 19.73 and a beta of 1.02. The business’s 50-day moving average price is $40.16 and its 200 day moving average price is $39.78.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1386 per share. The ex-dividend date was Thursday, October 1st. This represents a $0.55 annualized dividend and a dividend yield of 1.4%. This is a decrease from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

The BNY Mellon US Mid Cap Core Equity ETF (BKMC) is an exchange-traded fund that is based on the Morningstar US Mid Cap index. The fund tracks a market-cap weighted index of US mid-cap stocks that covers the bottom 10-30% market capitalization. BKMC was launched on Apr 9, 2020 and is managed by BNY Mellon.