BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Shares Shorted: Short Interest Up 82.9% in September

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 538,415 shares, a growth of 82.9% from the September 15th total of 294,327 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 459,255 shares, the days-to-cover ratio is currently 1.2 days.

BNY Mellon US Large Cap Core Equity ETF Price Performance

Shares of BKLC opened at $49.16 on Thursday. The stock has a 50-day moving average of $49.16 and a 200-day moving average of $47.45. The company has a market cap of $5.86 billion, a PE ratio of 25.44 and a beta of 1.02. BNY Mellon US Large Cap Core Equity ETF has a one year low of $40.21 and a one year high of $50.01.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.1260 per share. This is a decrease from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in BNY Mellon US Large Cap Core Equity ETF by 2,374.0% in the first quarter. Royal Bank of Canada now owns 411,647 shares of the company’s stock valued at $51,377,000 after acquiring an additional 395,008 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 12.9% during the first quarter. Bank of New York Mellon Corp now owns 1,526,246 shares of the company’s stock valued at $190,491,000 after acquiring an additional 174,048 shares in the last quarter. Stadion Money Management LLC raised its position in shares of BNY Mellon US Large Cap Core Equity ETF by 32.8% during the first quarter. Stadion Money Management LLC now owns 607,509 shares of the company’s stock worth $75,823,000 after purchasing an additional 150,119 shares during the period. GM Advisory Group LLC raised its position in shares of BNY Mellon US Large Cap Core Equity ETF by 14.8% during the first quarter. GM Advisory Group LLC now owns 622,092 shares of the company’s stock worth $77,643,000 after purchasing an additional 80,131 shares during the period. Finally, Integrated Wealth Concepts LLC raised its position in shares of BNY Mellon US Large Cap Core Equity ETF by 1.9% during the second quarter. Integrated Wealth Concepts LLC now owns 2,945,201 shares of the company’s stock worth $422,312,000 after purchasing an additional 55,455 shares during the period.

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.