BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Short Interest Update

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 85,157 shares, an increase of 24.9% from the February 12th total of 68,159 shares. Based on an average daily trading volume, of 207,816 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are short sold. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 207,816 shares, the days-to-cover ratio is currently 0.4 days.

BNY Mellon US Large Cap Core Equity ETF Stock Up 0.7%

Shares of BKLC traded up $0.89 during mid-day trading on Tuesday, hitting $128.92. 14,736 shares of the company’s stock traded hands, compared to its average volume of 163,076. BNY Mellon US Large Cap Core Equity ETF has a 1 year low of $91.90 and a 1 year high of $133.74. The firm has a market capitalization of $5.03 billion, a P/E ratio of 25.44 and a beta of 1.02. The business’s 50-day moving average price is $131.33 and its 200-day moving average price is $129.77.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 29th were issued a $0.3923 dividend. This represents a $1.57 annualized dividend and a yield of 1.2%. This is an increase from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, December 29th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 1st quarter valued at about $1,105,000. Empower Advisory Group LLC bought a new position in BNY Mellon US Large Cap Core Equity ETF in the second quarter worth about $274,000. Cetera Investment Advisers lifted its holdings in BNY Mellon US Large Cap Core Equity ETF by 4.2% in the second quarter. Cetera Investment Advisers now owns 56,685 shares of the company’s stock worth $6,713,000 after buying an additional 2,286 shares during the period. FSA Wealth Management LLC purchased a new stake in BNY Mellon US Large Cap Core Equity ETF in the second quarter worth about $37,000. Finally, Wealthspire Advisors LLC bought a new stake in BNY Mellon US Large Cap Core Equity ETF during the 2nd quarter valued at approximately $932,000.

About BNY Mellon US Large Cap Core Equity ETF

The BNY Mellon US Large Cap Core Equity ETF (BKLC) is an exchange-traded fund that is based on the Morningstar U.S. Large Cap index, a market-cap-weighted index of large-cap stocks that represent the top 70% of the US equity market, in terms of capitalization. BKLC was launched on Apr 9, 2020 and is managed by BNY Mellon.