BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Short Interest Up 635.8% in December

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 174,914 shares, a growth of 635.8% from the December 15th total of 23,772 shares. Based on an average daily volume of 102,946 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 102,946 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC purchased a new stake in BNY Mellon US Large Cap Core Equity ETF during the second quarter valued at about $33,000. Center for Financial Planning Inc. bought a new position in shares of BNY Mellon US Large Cap Core Equity ETF during the 3rd quarter valued at about $37,000. EverSource Wealth Advisors LLC raised its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 47.2% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 287 shares of the company’s stock valued at $37,000 after buying an additional 92 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of BNY Mellon US Large Cap Core Equity ETF during the 2nd quarter valued at about $37,000. Finally, Atlantic Union Bankshares Corp bought a new stake in BNY Mellon US Large Cap Core Equity ETF in the 3rd quarter worth approximately $90,000.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

BKLC traded up $0.16 on Monday, reaching $133.24. The company had a trading volume of 270,570 shares, compared to its average volume of 127,395. BNY Mellon US Large Cap Core Equity ETF has a 52-week low of $91.90 and a 52-week high of $133.46. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 25.44 and a beta of 1.02. The business has a 50 day simple moving average of $130.56 and a 200 day simple moving average of $126.63.

BNY Mellon US Large Cap Core Equity ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 29th were given a dividend of $0.3923 per share. This is an increase from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, December 29th. This represents a $1.57 annualized dividend and a dividend yield of 1.2%.

About BNY Mellon US Large Cap Core Equity ETF

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.