BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Short Interest Up 61.5% in August

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 164,790 shares, a growth of 61.5% from the July 30th total of 102,016 shares. Based on an average daily volume of 298,168 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BKLC. Jane Street Group LLC acquired a new stake in shares of BNY Mellon US Large Cap Core Equity ETF during the 1st quarter worth $1,105,000. Raymond James Financial Inc. raised its stake in BNY Mellon US Large Cap Core Equity ETF by 3.5% in the second quarter. Raymond James Financial Inc. now owns 4,105 shares of the company’s stock valued at $486,000 after purchasing an additional 137 shares in the last quarter. Ameriprise Financial Inc. lifted its position in BNY Mellon US Large Cap Core Equity ETF by 5.4% during the second quarter. Ameriprise Financial Inc. now owns 364,511 shares of the company’s stock worth $43,169,000 after purchasing an additional 18,595 shares during the period. MML Investors Services LLC lifted its position in BNY Mellon US Large Cap Core Equity ETF by 81.7% during the second quarter. MML Investors Services LLC now owns 12,712 shares of the company’s stock worth $1,506,000 after purchasing an additional 5,716 shares during the period. Finally, Orion Porfolio Solutions LLC bought a new stake in BNY Mellon US Large Cap Core Equity ETF during the second quarter worth about $1,093,000.

BNY Mellon US Large Cap Core Equity ETF Stock Performance

Shares of BKLC stock traded down $0.10 during trading on Monday, hitting $49.04. The company had a trading volume of 1,118,838 shares, compared to its average volume of 671,809. The firm has a market capitalization of $5.63 billion, a P/E ratio of 25.44 and a beta of 1.02. The stock’s 50-day moving average price is $48.19 and its 200 day moving average price is $46.05. BNY Mellon US Large Cap Core Equity ETF has a one year low of $40.21 and a one year high of $49.84.

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.