BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Short Interest Update

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 17,492 shares, an increase of 770.7% from the December 15th total of 2,009 shares. Based on an average daily trading volume, of 16,455 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 16,455 shares, the days-to-cover ratio is currently 1.1 days.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

Shares of BKMC traded up $0.31 during mid-day trading on Monday, reaching $115.18. 8,995 shares of the company’s stock were exchanged, compared to its average volume of 12,099. The stock has a market capitalization of $650.77 million, a PE ratio of 19.73 and a beta of 1.06. The business’s fifty day simple moving average is $109.43 and its 200-day simple moving average is $107.64. BNY Mellon US Mid Cap Core Equity ETF has a 52-week low of $82.26 and a 52-week high of $115.18.

BNY Mellon US Mid Cap Core Equity ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were given a dividend of $0.4651 per share. This represents a $1.86 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Monday, December 29th. This is an increase from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.35.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth about $57,000. Raymond James Financial Inc. acquired a new stake in BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter worth approximately $60,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter valued at approximately $226,000. Key Financial Inc increased its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.4% in the second quarter. Key Financial Inc now owns 3,713 shares of the company’s stock valued at $380,000 after purchasing an additional 1,339 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock valued at $438,000 after purchasing an additional 2,349 shares during the period.

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.