BNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE) Sees Significant Decline in Short Interest

BNY Mellon US Small Cap Core Equity ETF (NYSEARCA:BKSE) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 826 shares, a drop of 43.2% from the August 15th total of 1,455 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 2,911 shares, the days-to-cover ratio is currently 0.3 days.

BNY Mellon US Small Cap Core Equity ETF Stock Down 0.3%

BKSE stock opened at $43.09 on Tuesday. The company has a market capitalization of $85.32 million, a price-to-earnings ratio of 15.47 and a beta of 1.06. The firm has a 50 day moving average of $44.47 and a two-hundred day moving average of $42.18. BNY Mellon US Small Cap Core Equity ETF has a 12 month low of $35.00 and a 12 month high of $46.02.

BNY Mellon US Small Cap Core Equity ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a dividend of $0.4233 per share. This represents a $1.69 annualized dividend and a yield of 3.9%. The ex-dividend date was Wednesday, July 1st. This is a positive change from BNY Mellon US Small Cap Core Equity ETF’s previous quarterly dividend of $0.34.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its position in shares of BNY Mellon US Small Cap Core Equity ETF by 3.0% in the second quarter. Integrated Wealth Concepts LLC now owns 8,018 shares of the company’s stock valued at $1,078,000 after acquiring an additional 230 shares during the period. Symphony Financial Ltd. Co. increased its position in BNY Mellon US Small Cap Core Equity ETF by 3.9% during the second quarter. Symphony Financial Ltd. Co. now owns 6,907 shares of the company’s stock worth $924,000 after acquiring an additional 261 shares during the period. Bank of America Corp DE increased its position in BNY Mellon US Small Cap Core Equity ETF by 55.1% during the first quarter. Bank of America Corp DE now owns 9,353 shares of the company’s stock worth $1,065,000 after acquiring an additional 3,321 shares during the period. Cetera Investment Advisers raised its stake in BNY Mellon US Small Cap Core Equity ETF by 12.6% during the 1st quarter. Cetera Investment Advisers now owns 6,408 shares of the company’s stock valued at $730,000 after purchasing an additional 716 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in BNY Mellon US Small Cap Core Equity ETF by 31.1% during the 1st quarter. Bank of New York Mellon Corp now owns 170,437 shares of the company’s stock valued at $19,415,000 after purchasing an additional 40,391 shares during the last quarter.

BNY Mellon US Small Cap Core Equity ETF Company Profile

The BNY Mellon US Small Cap Core Equity ETF (BKSE) is an exchange-traded fund that is based on the Morningstar US Small Cap index, a market-cap-weighted index of small-cap stocks that cover the bottom 3-10% capitalization of the US equity market. BKSE was launched on Apr 9, 2020 and is managed by BNY Mellon.