BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sees Large Decline in Short Interest
by Teresa Graham · The Cerbat GemBNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC – Get Free Report) was the target of a large drop in short interest during the month of March. As of March 31st, there was short interest totaling 46,844 shares, a drop of 49.1% from the March 15th total of 91,954 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 621,639 shares, the days-to-cover ratio is currently 0.1 days.
Hedge Funds Weigh In On BNY Mellon US Large Cap Core Equity ETF
A number of hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its holdings in BNY Mellon US Large Cap Core Equity ETF by 47.2% in the third quarter. EverSource Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $37,000 after purchasing an additional 92 shares during the period. Quadcap Wealth Management LLC lifted its holdings in BNY Mellon US Large Cap Core Equity ETF by 2.7% during the 4th quarter. Quadcap Wealth Management LLC now owns 3,661 shares of the company’s stock worth $479,000 after buying an additional 96 shares during the period. David Kennon Inc lifted its holdings in BNY Mellon US Large Cap Core Equity ETF by 0.5% during the 3rd quarter. David Kennon Inc now owns 18,877 shares of the company’s stock worth $2,423,000 after buying an additional 98 shares during the period. Geneos Wealth Management Inc. grew its position in shares of BNY Mellon US Large Cap Core Equity ETF by 5.9% in the 3rd quarter. Geneos Wealth Management Inc. now owns 1,967 shares of the company’s stock valued at $253,000 after buying an additional 110 shares during the last quarter. Finally, 626 Financial LLC grew its position in shares of BNY Mellon US Large Cap Core Equity ETF by 4.8% in the 4th quarter. 626 Financial LLC now owns 2,579 shares of the company’s stock valued at $337,000 after buying an additional 117 shares during the last quarter.
BNY Mellon US Large Cap Core Equity ETF Trading Up 0.2%
NYSEARCA:BKLC traded up $0.21 during mid-day trading on Wednesday, hitting $133.09. 8,959 shares of the company’s stock were exchanged, compared to its average volume of 320,330. BNY Mellon US Large Cap Core Equity ETF has a fifty-two week low of $97.02 and a fifty-two week high of $133.74. The firm has a market capitalization of $4.77 billion, a P/E ratio of 25.44 and a beta of 1.02. The company has a 50 day simple moving average of $128.82 and a 200-day simple moving average of $129.87.
BNY Mellon US Large Cap Core Equity ETF Company Profile
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.