BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Stock Short Interest Jumps 82.9%

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 538,415 shares, an increase of 82.9% from the September 15th total of 294,327 shares. Based on an average daily volume of 459,255 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.5% of the company’s shares are sold short.

Institutional Trading of BNY Mellon US Large Cap Core Equity ETF

A number of institutional investors have recently bought and sold shares of BKLC. Kestra Advisory Services LLC increased its stake in shares of BNY Mellon US Large Cap Core Equity ETF by 9.9% in the 1st quarter. Kestra Advisory Services LLC now owns 148,706 shares of the company’s stock valued at $18,560,000 after acquiring an additional 13,357 shares in the last quarter. Krilogy Financial LLC lifted its position in shares of BNY Mellon US Large Cap Core Equity ETF by 327.5% during the 1st quarter. Krilogy Financial LLC now owns 7,263 shares of the company’s stock valued at $975,000 after acquiring an additional 5,564 shares during the period. Optiver Holding B.V. bought a new position in BNY Mellon US Large Cap Core Equity ETF during the first quarter worth $2,621,000. Stadion Money Management LLC boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 32.8% during the first quarter. Stadion Money Management LLC now owns 607,509 shares of the company’s stock worth $75,823,000 after acquiring an additional 150,119 shares in the last quarter. Finally, Integrated Wealth Concepts LLC boosted its stake in BNY Mellon US Large Cap Core Equity ETF by 1.9% during the second quarter. Integrated Wealth Concepts LLC now owns 2,945,201 shares of the company’s stock worth $422,312,000 after acquiring an additional 55,455 shares in the last quarter.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

Shares of NYSEARCA BKLC opened at $49.16 on Thursday. The company’s 50 day moving average price is $49.16 and its 200-day moving average price is $47.45. BNY Mellon US Large Cap Core Equity ETF has a 52-week low of $40.21 and a 52-week high of $50.01. The company has a market capitalization of $5.86 billion, a P/E ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.1260 dividend. The ex-dividend date was Thursday, October 1st. This is a negative change from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. This represents a $0.50 annualized dividend and a yield of 1.0%.

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.