Short Interest in BNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE) Decreases By 52.7%
by Jessica Moore · The Cerbat GemBNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE – Get Free Report) was the target of a significant decline in short interest during the month of March. As of March 31st, there was short interest totaling 7,561 shares, a decline of 52.7% from the March 15th total of 15,972 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 1,862 shares, the short-interest ratio is currently 4.1 days.
Hedge Funds Weigh In On BNY Mellon US Small Cap Core Equity ETF
A number of hedge funds have recently modified their holdings of BKSE. Royal Bank of Canada increased its position in shares of BNY Mellon US Small Cap Core Equity ETF by 13.3% in the first quarter. Royal Bank of Canada now owns 39,195 shares of the company’s stock valued at $3,656,000 after acquiring an additional 4,604 shares during the period. Raymond James Financial Inc. purchased a new position in shares of BNY Mellon US Small Cap Core Equity ETF in the second quarter valued at about $81,000. Osaic Holdings Inc. increased its position in shares of BNY Mellon US Small Cap Core Equity ETF by 11.4% in the second quarter. Osaic Holdings Inc. now owns 4,866 shares of the company’s stock valued at $486,000 after acquiring an additional 496 shares during the period. Sentinel Pension Advisors LLC increased its position in shares of BNY Mellon US Small Cap Core Equity ETF by 17.2% in the third quarter. Sentinel Pension Advisors LLC now owns 4,715 shares of the company’s stock valued at $519,000 after acquiring an additional 692 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of BNY Mellon US Small Cap Core Equity ETF in the third quarter valued at about $265,000.
BNY Mellon US Small Cap Core Equity ETF Price Performance
BNY Mellon US Small Cap Core Equity ETF stock traded up $1.61 during mid-day trading on Monday, hitting $120.54. The company’s stock had a trading volume of 1,231 shares, compared to its average volume of 3,473. The stock has a market cap of $78.35 million, a price-to-earnings ratio of 15.47 and a beta of 1.08. The business has a 50 day moving average price of $117.13 and a 200-day moving average price of $114.70. BNY Mellon US Small Cap Core Equity ETF has a 12 month low of $83.73 and a 12 month high of $124.00.
About BNY Mellon US Small Cap Core Equity ETF
The BNY Mellon US Small Cap Core Equity ETF (BKSE) is an exchange-traded fund that is based on the Morningstar US Small Cap index, a market-cap-weighted index of small-cap stocks that cover the bottom 3-10% capitalization of the US equity market. BKSE was launched on Apr 9, 2020 and is managed by BNY Mellon.