Short Interest in BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) Drops By 60.5%

BNY Mellon US Mid Cap Core Equity ETF (NYSEARCA:BKMC) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 7,485 shares, a drop of 60.5% from the August 15th total of 18,930 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 20,808 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of BNY Mellon US Mid Cap Core Equity ETF

Several hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new position in BNY Mellon US Mid Cap Core Equity ETF during the third quarter worth $57,000. Rockefeller Capital Management L.P. increased its position in shares of BNY Mellon US Mid Cap Core Equity ETF by 56.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 532 shares of the company’s stock worth $58,000 after acquiring an additional 192 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF during the second quarter worth about $60,000. Arlington Trust Co LLC acquired a new stake in shares of BNY Mellon US Mid Cap Core Equity ETF in the 2nd quarter worth about $156,000. Finally, Royal Bank of Canada raised its holdings in shares of BNY Mellon US Mid Cap Core Equity ETF by 129.8% in the 4th quarter. Royal Bank of Canada now owns 2,116 shares of the company’s stock worth $231,000 after acquiring an additional 1,195 shares during the last quarter.

BNY Mellon US Mid Cap Core Equity ETF Stock Performance

BKMC stock opened at $39.94 on Friday. The stock’s 50 day simple moving average is $40.74 and its 200 day simple moving average is $39.55. The company has a market cap of $643.83 million, a P/E ratio of 19.73 and a beta of 1.01. 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.

BNY Mellon US Mid Cap Core Equity ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.3775 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.51 annualized dividend and a dividend yield of 3.8%.

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.