BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) Stock Short Interest Declines 49.9%

BNY Mellon US Large Cap Core Equity ETF (NYSEARCA:BKLC) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 269,948 shares, a decrease of 49.9% from the September 30th total of 538,415 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average trading volume of 2,024,906 shares, the days-to-cover ratio is currently 0.1 days.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. RPOA Advisors Inc. lifted its position in BNY Mellon US Large Cap Core Equity ETF by 176.5% during the third quarter. RPOA Advisors Inc. now owns 30,295,291 shares of the company’s stock valued at $1,480,228,000 after purchasing an additional 19,338,129 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 1.9% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 2,945,201 shares of the company’s stock worth $422,312,000 after buying an additional 55,455 shares during the last quarter. Bank of New York Mellon Corp increased its position in BNY Mellon US Large Cap Core Equity ETF by 12.9% during the first quarter. Bank of New York Mellon Corp now owns 1,526,246 shares of the company’s stock valued at $190,491,000 after acquiring an additional 174,048 shares during the last quarter. GM Advisory Group LLC grew its position in BNY Mellon US Large Cap Core Equity ETF by 14.8% in the 1st quarter. GM Advisory Group LLC now owns 622,092 shares of the company’s stock valued at $77,643,000 after acquiring an additional 80,131 shares during the last quarter. Finally, Stadion Money Management LLC grew its holdings in shares of BNY Mellon US Large Cap Core Equity ETF by 32.8% in the first quarter. Stadion Money Management LLC now owns 607,509 shares of the company’s stock worth $75,823,000 after purchasing an additional 150,119 shares during the last quarter.

BNY Mellon US Large Cap Core Equity ETF Stock Down 1.7%

Shares of NYSEARCA:BKLC traded down $0.84 during midday trading on Friday, hitting $48.29. 1,278,815 shares of the stock traded hands, compared to its average volume of 710,824. The business’s 50 day moving average is $49.09 and its two-hundred day moving average is $46.54. BNY Mellon US Large Cap Core Equity ETF has a one year low of $40.21 and a one year high of $50.01. The stock has a market capitalization of $6.81 billion, a PE ratio of 25.44 and a beta of 1.02.

BNY Mellon US Large 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 issued a $0.1260 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, October 1st. This is a decrease from BNY Mellon US Large Cap Core Equity ETF’s previous quarterly dividend of $0.3828.

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.