Short Interest in BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Declines By 60.5%

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a large decline in short interest during the month of 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 days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

BKMC traded down $0.21 during trading on Tuesday, hitting $39.59. The company’s stock had a trading volume of 7,445 shares, compared to its average volume of 91,328. BNY Mellon US Mid Cap Core Equity ETF has a twelve month low of $34.30 and a twelve month high of $42.07. The stock has a market cap of $638.17 million, a PE ratio of 19.73 and a beta of 1.01. The firm’s 50 day moving average price is $40.72 and its 200-day moving average price is $39.56.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BKMC. Northwestern Mutual Wealth Management Co. grew its holdings in BNY Mellon US Mid Cap Core Equity ETF by 18,146.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,377,956 shares of the company’s stock valued at $150,108,000 after purchasing an additional 1,370,404 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 7.0% in the 1st quarter. Bank of New York Mellon Corp now owns 550,459 shares of the company’s stock worth $60,719,000 after buying an additional 35,792 shares in the last quarter. Key Financial Inc boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 78.8% in the 1st quarter. Key Financial Inc now owns 7,253 shares of the company’s stock valued at $800,000 after buying an additional 3,196 shares during the last quarter. Citadel Advisors LLC boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 53.7% in the 2nd quarter. Citadel Advisors LLC now owns 7,428 shares of the company’s stock valued at $920,000 after buying an additional 2,594 shares during the last quarter. Finally, Krilogy Financial LLC acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the first quarter valued at about $267,000.

About BNY Mellon US Mid Cap Core Equity ETF

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.