BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Sees Significant Decrease in Short Interest

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 August. As of August 31st, there was short interest totaling 7,485 shares, a decline of 60.5% from the August 15th total of 18,930 shares. Based on an average daily volume of 20,808 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On BNY Mellon US Mid Cap Core Equity ETF

Hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 53.7% in the second quarter. Citadel Advisors LLC now owns 7,428 shares of the company’s stock worth $920,000 after buying an additional 2,594 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the 2nd quarter worth approximately $156,000. Cetera Investment Advisers increased its stake in BNY Mellon US Mid Cap Core Equity ETF by 6.9% in the first quarter. Cetera Investment Advisers now owns 9,554 shares of the company’s stock valued at $1,054,000 after acquiring an additional 613 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of 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 valued at $60,719,000 after acquiring an additional 35,792 shares during the period. Finally, Geneos Wealth Management Inc. raised its stake 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 during the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

Shares of BNY Mellon US Mid Cap Core Equity ETF stock traded down $0.10 during trading on Monday, hitting $39.84. The stock had a trading volume of 11,464 shares, compared to its average volume of 91,800. BNY Mellon US Mid Cap Core Equity ETF has a fifty-two week low of $34.30 and a fifty-two week high of $42.07. The firm has a market cap of $642.24 million, a P/E ratio of 19.73 and a beta of 1.01. The business has a fifty day moving average of $40.74 and a two-hundred day moving average of $39.55.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.3775 dividend. This represents a $1.51 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, July 1st.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

(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.

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