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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 1,596 shares, a drop of 78.7% from the August 31st total of 7,485 shares. Based on an average daily trading volume, of 17,897 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

BNY Mellon US Mid Cap Core Equity ETF Stock Up 0.4%

BKMC stock traded up $0.17 during trading on Friday, hitting $39.22. The company had a trading volume of 15,093 shares, compared to its average volume of 88,212. The firm has a 50-day moving average price of $40.56 and a 200-day moving average price of $39.59. The firm has a market cap of $633.80 million, a PE ratio of 19.73 and a beta of 1.01. BNY Mellon US Mid Cap Core Equity ETF has a 1-year low of $34.30 and a 1-year high of $42.07.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.3775 dividend. This is a decrease from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.5232. The ex-dividend date was Wednesday, July 1st. This represents a $1.51 annualized dividend and a dividend yield of 3.9%.

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

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC grew its position 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 buying an additional 2,594 shares during the last quarter. Arlington Trust Co LLC purchased a new position in BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter worth $156,000. Cetera Investment Advisers lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.9% in the 1st quarter. Cetera Investment Advisers now owns 9,554 shares of the company’s stock worth $1,054,000 after acquiring an additional 613 shares during the period. Bank of New York Mellon Corp boosted its holdings 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. Finally, Geneos Wealth Management Inc. boosted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 1.9% in the first quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock valued at $7,668,000 after acquiring an additional 1,310 shares in the last quarter.

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.