Short Interest in BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Decreases By 35.7%

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 12,912 shares, a decline of 35.7% from the May 14th total of 20,071 shares. Based on an average daily volume of 18,112 shares, the short-interest ratio is presently 0.7 days. Currently, 0.2% of the shares of the company are sold short.

BNY Mellon US Mid Cap Core Equity ETF Trading Down 1.2%

NYSEARCA BKMC opened at $120.24 on Thursday. The stock has a market capitalization of $636.07 million, a price-to-earnings ratio of 19.73 and a beta of 1.01. BNY Mellon US Mid Cap Core Equity ETF has a twelve month low of $98.80 and a twelve month high of $123.11. The stock has a 50-day moving average of $118.01 and a 200 day moving average of $114.92.

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

A number of large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth $57,000. Rockefeller Capital Management L.P. raised its position in BNY Mellon US Mid Cap Core Equity ETF by 56.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after acquiring an additional 192 shares during the period. Raymond James Financial Inc. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth $60,000. Royal Bank of Canada raised its position in BNY Mellon US Mid Cap Core Equity ETF by 129.8% during the fourth quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock worth $231,000 after acquiring an additional 1,195 shares during the period. Finally, Krilogy Financial LLC acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the first quarter worth $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.