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

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 125,400 shares, a decline of 83.9% from the September 15th total of 776,700 shares. Based on an average daily volume of 132,300 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 132,300 shares, the short-interest ratio is presently 0.9 days.

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

Several hedge funds have recently made changes to their positions in the business. Brighton Jones LLC acquired a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the 3rd quarter worth approximately $402,000. Fiduciary Alliance LLC purchased a new position in shares of BNY Mellon US Large Cap Core Equity ETF in the third quarter worth approximately $311,000. Carolina Wealth Advisors LLC increased its position in shares of BNY Mellon US Large Cap Core Equity ETF by 8,533.3% in the third quarter. Carolina Wealth Advisors LLC now owns 77,182 shares of the company’s stock worth $9,909,000 after acquiring an additional 76,288 shares in the last quarter. RPOA Advisors Inc. increased its position in shares of BNY Mellon US Large Cap Core Equity ETF by 5.6% in the third quarter. RPOA Advisors Inc. now owns 13,435,929 shares of the company’s stock worth $1,724,905,000 after acquiring an additional 709,557 shares in the last quarter. Finally, Collective Family Office LLC increased its position in shares of BNY Mellon US Large Cap Core Equity ETF by 18.0% in the third quarter. Collective Family Office LLC now owns 13,755 shares of the company’s stock worth $1,766,000 after acquiring an additional 2,098 shares in the last quarter.

BNY Mellon US Large Cap Core Equity ETF Price Performance

Shares of BKLC opened at $126.94 on Friday. The firm’s 50 day moving average is $125.65 and its 200-day moving average is $116.96. The stock has a market capitalization of $4.42 billion, a P/E ratio of 25.44 and a beta of 1.03. BNY Mellon US Large Cap Core Equity ETF has a 12-month low of $91.90 and a 12-month high of $129.44.

BNY Mellon US Large Cap Core Equity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 6th. Stockholders of record on Wednesday, October 1st were paid a $0.3264 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.31 annualized dividend and a dividend yield of 1.0%.

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.