Short Interest in BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Grows By 270.9%

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 26,903 shares, an increase of 270.9% from the July 15th total of 7,254 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 26,237 shares, the short-interest ratio is presently 1.0 days.

BNY Mellon US Mid Cap Core Equity ETF Price Performance

NYSEARCA BKMC opened at $41.74 on Thursday. The business’s fifty day moving average price is $40.52 and its 200-day moving average price is $39.23. The stock has a market capitalization of $672.85 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 1-year low of $34.30 and a 1-year high of $41.80.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in BNY Mellon US Mid Cap Core Equity ETF by 105.1% in the first quarter. Goldman Sachs Group Inc. now owns 4,585 shares of the company’s stock worth $438,000 after purchasing an additional 2,349 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the 2nd quarter valued at about $60,000. Bank of America Corp DE increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 25.0% during the 2nd quarter. Bank of America Corp DE now owns 29,316 shares of the company’s stock valued at $3,001,000 after purchasing an additional 5,864 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of BNY Mellon US Mid Cap Core Equity ETF by 5.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 5,598 shares of the company’s stock worth $607,000 after purchasing an additional 294 shares during the period. Finally, JPMorgan Chase & Co. bought a new position in shares of BNY Mellon US Mid Cap Core Equity ETF in the 3rd quarter worth approximately $57,000.

BNY Mellon US Mid Cap Core Equity ETF Company Profile

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.