BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Short Interest Down 35.7% in May

by · The Markets Daily

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC – Get Free Report) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 12,912 shares, a decline of 35.7% from the May 14th total of 20,071 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 18,112 shares, the days-to-cover ratio is currently 0.7 days.

BNY Mellon US Mid Cap Core Equity ETF Trading Up 0.1%

NYSEARCA BKMC traded up $0.08 during trading on Tuesday, hitting $122.37. 7,598 shares of the company’s stock were exchanged, compared to its average volume of 43,303. The company has a market cap of $647.34 million, a PE ratio of 19.73 and a beta of 1.01. BNY Mellon US Mid Cap Core Equity ETF has a fifty-two week low of $98.80 and a fifty-two week high of $123.11. The stock’s 50 day moving average price is $117.61 and its two-hundred day moving average price is $114.76.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of BKMC. Northwestern Mutual Wealth Management Co. raised its stake in BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock worth $150,108,000 after acquiring an additional 1,370,404 shares in the last quarter. Diversify Wealth Management LLC raised its stake in BNY Mellon US Mid Cap Core Equity ETF by 29.5% during the fourth quarter. Diversify Wealth Management LLC now owns 212,257 shares of the company’s stock worth $24,459,000 after acquiring an additional 48,301 shares in the last quarter. Bank of New York Mellon Corp raised its stake in BNY Mellon US Mid Cap Core Equity ETF by 7.0% during the first quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after acquiring an additional 35,792 shares in the last quarter. Flow Traders U.S. LLC raised its stake in BNY Mellon US Mid Cap Core Equity ETF by 867.1% during the third quarter. Flow Traders U.S. LLC now owns 29,969 shares of the company’s stock worth $3,252,000 after acquiring an additional 26,870 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the fourth quarter worth about $2,181,000.

About BNY Mellon US Mid Cap Core Equity ETF

(Get Free Report)

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.

Recommended Stories