BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Sees Significant Growth in Short Interest

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) was the recipient of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 88,046 shares, an increase of 63.8% from the January 15th total of 53,758 shares. Based on an average daily volume of 171,429 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 171,429 shares, the days-to-cover ratio is presently 0.5 days.

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

Shares of NYSEARCA:BKLC traded up $0.17 during mid-day trading on Friday, reaching $130.34. The company had a trading volume of 153,171 shares, compared to its average volume of 166,229. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02. The company’s 50-day moving average price is $131.79 and its 200-day moving average price is $128.59. BNY Mellon US Large Cap Core Equity ETF has a one year low of $91.90 and a one year high of $133.74.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 29th were paid a $0.3923 dividend. The ex-dividend date was Monday, December 29th. This is a boost from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. This represents a $1.57 annualized dividend and a dividend yield of 1.2%.

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

Several large investors have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC bought a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the second quarter valued at about $1,093,000. Carolina Wealth Advisors LLC grew its stake in BNY Mellon US Large Cap Core Equity ETF by 8,533.3% during the third quarter. Carolina Wealth Advisors LLC now owns 77,182 shares of the company’s stock valued at $9,909,000 after acquiring an additional 76,288 shares in the last quarter. Flow Traders U.S. LLC grew its stake in BNY Mellon US Large Cap Core Equity ETF by 58.3% during the second quarter. Flow Traders U.S. LLC now owns 24,868 shares of the company’s stock valued at $2,945,000 after acquiring an additional 9,155 shares in the last quarter. Wealthspire Advisors LLC bought a new stake in BNY Mellon US Large Cap Core Equity ETF during the 2nd quarter worth approximately $932,000. Finally, Empower Advisory Group LLC purchased a new stake in BNY Mellon US Large Cap Core Equity ETF in the 2nd quarter worth approximately $274,000.

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.