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

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,739 shares, a growth of 71.6% from the September 15th total of 1,596 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 54,804 shares, the short-interest ratio is presently 0.0 days.

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

Several large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp boosted its stake 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 during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 1.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 69,515 shares of the company’s stock worth $7,668,000 after acquiring an additional 1,310 shares during the period. Cetera Investment Advisers lifted its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 6.9% during the 1st quarter. Cetera Investment Advisers now owns 9,554 shares of the company’s stock worth $1,054,000 after acquiring an additional 613 shares during the period. Citadel Advisors LLC boosted its position 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 acquiring an additional 2,594 shares during the last quarter. Finally, Key Financial Inc boosted its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 78.8% in the first quarter. Key Financial Inc now owns 7,253 shares of the company’s stock worth $800,000 after acquiring an additional 3,196 shares during the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

BKMC stock traded up $0.40 during midday trading on Thursday, hitting $38.71. The stock had a trading volume of 6,413 shares, compared to its average volume of 85,536. The company’s 50-day moving average price is $40.16 and its 200 day moving average price is $39.78. The firm has a market cap of $639.09 million, a PE ratio of 19.73 and a beta of 1.02. BNY Mellon US Mid Cap Core Equity ETF has a 12-month low of $34.30 and a 12-month high of $42.07.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a $0.1386 dividend. This is a decrease from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Thursday, October 1st.

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.