BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Stock Short Interest Drops 89.9%

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) was the recipient of a large decrease in short interest in the month of October. As of October 30th, there was short interest totaling 988 shares, a decrease of 89.9% from the October 15th total of 9,742 shares. Based on an average trading volume of 16,307 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

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

Several institutional investors have recently bought and sold shares of the company. Arlington Trust Co LLC acquired a new position in shares of BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth about $156,000. Patriot Investment Management Group Inc. grew its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 200.0% during the third quarter. Patriot Investment Management Group Inc. now owns 6,000 shares of the company’s stock worth $232,000 after buying an additional 4,000 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in BNY Mellon US Mid Cap Core Equity ETF by 200.0% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,252 shares of the company’s stock worth $241,000 after buying an additional 4,168 shares during the last quarter. Krilogy Financial LLC boosted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 198.2% in the 3rd quarter. Krilogy Financial LLC now owns 6,591 shares of the company’s stock valued at $256,000 after purchasing an additional 4,381 shares in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in BNY Mellon US Mid Cap Core Equity ETF by 53.7% in the second quarter. Citadel Advisors LLC now owns 7,428 shares of the company’s stock valued at $920,000 after acquiring an additional 2,594 shares during the period.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

BNY Mellon US Mid Cap Core Equity ETF stock traded up $0.30 during midday trading on Wednesday, hitting $39.99. 7,947 shares of the company were exchanged, compared to its average volume of 79,586. BNY Mellon US Mid Cap Core Equity ETF has a fifty-two week low of $34.30 and a fifty-two week high of $42.07. The firm has a market capitalization of $659.92 million, a PE ratio of 18.57 and a beta of 1.01. The business has a fifty day simple moving average of $39.31 and a two-hundred day simple moving average of $39.39.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.1386 per share. The ex-dividend date was Thursday, October 1st. This is a decrease from BNY Mellon US Mid Cap Core Equity ETF’s previous quarterly dividend of $0.3775. This represents a $0.55 annualized dividend and a yield of 1.4%.

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.